Cost of Living: Lynn, MA vs Sherwood, AR
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Lynn | Sherwood |
|---|---|---|
| Housing Index | 125.0 | 85.0 |
| Median Home Price | $476,800 | $247,000 |
| Average Rent (2 BR Apartment) | $2400 | $1000 |
| Average Rent (2 BR House) | $2496 | $1028 |
Housing Comparison: Lynn vs Sherwood
- In Lynn, the median home price is higher at $476,800, while in Sherwood it is $247,000.
- Renting a two-bedroom apartment costs more in Lynn at $2,400 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 | Lynn | Sherwood |
|---|---|---|
| Electricity Price | $28.15 | $12.36 |
| Natural Gas Price | $21.62 | $17.08 |
| Other Utilities | $280 | $260 |
Utilities Comparison: Lynn vs Sherwood
- Electricity costs are higher in Lynn at $28.15 per kWh, compared to $12.36 in Sherwood.
- Natural gas is more expensive in Lynn at $21.62 per unit, while it is cheaper at $17.08 in Sherwood.
- Other utility costs are higher in Lynn at an average of $280, compared to Sherwood with $260.