Cost of Living: Sherwood, AR vs Albany, LA
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Sherwood | Albany |
|---|---|---|
| Housing Index | 85.0 | Data is updating |
| Median Home Price | $247,000 | $162,000 |
| Average Rent (2 BR Apartment) | $1000 | $Data is updating |
| Average Rent (2 BR House) | $1028 | $Data is updating |
Housing Comparison: Sherwood vs Albany
- In Sherwood, the median home price is higher at $247,000, while in Albany it is $162,000.
- The rent for a two-bedroom apartment is equal in both Sherwood and Albany 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 | Sherwood | Albany |
|---|---|---|
| Electricity Price | $12.36 | $11.42 |
| Natural Gas Price | $17.08 | $19.48 |
| Other Utilities | $260 | $Data is updating |
Utilities Comparison: Sherwood vs Albany
- Electricity costs are higher in Sherwood at $12.36 per kWh, compared to $11.42 in Albany.
- Albany experiences higher natural gas costs at $19.48 per unit, with costs at $17.08 in Sherwood.
- Utility expenses are equal in both Sherwood and Albany averaging $260.