Cost of Living: Lubbock, TX vs Sherwood, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lubbock | Sherwood |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $232,000 | $247,000 |
| Average Rent (2 BR Apartment) | $1200 | $1000 |
| Average Rent (2 BR House) | $1280 | $1028 |
Housing Comparison: Lubbock vs Sherwood
- The median home price in Sherwood is higher at $247,000, compared to $232,000 in Lubbock.
- Renting a two-bedroom apartment costs more in Lubbock at $1,200 than in Sherwood at $1,000.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Lubbock | Sherwood |
|---|---|---|
| Electricity Price | $14.47 | $12.36 |
| Natural Gas Price | $26.29 | $17.08 |
| Other Utilities | $260 | $260 |
Utilities Comparison: Lubbock vs Sherwood
- Electricity costs are higher in Lubbock at $14.47 per kWh, compared to $12.36 in Sherwood.
- Natural gas is more expensive in Lubbock at $26.29 per unit, while it is cheaper at $17.08 in Sherwood.
- Utility expenses are equal in both Lubbock and Sherwood averaging $260.