Cost of Living: Sherwood, AR vs Billings, MT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Sherwood | Billings |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $247,000 | $308,000 |
| Average Rent (2 BR Apartment) | $1000 | $1200 |
| Average Rent (2 BR House) | $1028 | $1280 |
Housing Comparison: Sherwood vs Billings
- The median home price in Billings is higher at $308,000, compared to $247,000 in Sherwood.
- In Billings, the rental for a two-bedroom apartment stands at $1,200, while it is $1,000 in Sherwood.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Sherwood | Billings |
|---|---|---|
| Electricity Price | $12.36 | $13.58 |
| Natural Gas Price | $17.08 | $8.31 |
| Other Utilities | $260 | $200 |
Utilities Comparison: Sherwood vs Billings
- Billings has higher electricity costs at $13.58 per kWh, versus $12.36 in Sherwood.
- Billings experiences higher natural gas costs at $8.31 per unit, with costs at $17.08 in Sherwood.
- Other utility costs are higher in Sherwood at an average of $260, compared to Billings with $200.