Cost of Living: Sherwood, AR vs Fayetteville, NC
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Sherwood | Fayetteville |
|---|---|---|
| Housing Index | 85.0 | 90.0 |
| Median Home Price | $247,000 | $264,000 |
| Average Rent (2 BR Apartment) | $1000 | $1200 |
| Average Rent (2 BR House) | $1028 | $1280 |
Housing Comparison: Sherwood vs Fayetteville
- The median home price in Fayetteville is higher at $264,000, compared to $247,000 in Sherwood.
- In Fayetteville, 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 | Fayetteville |
|---|---|---|
| Electricity Price | $12.36 | $13.72 |
| Natural Gas Price | $17.08 | $Data is updating |
| Other Utilities | $260 | $150 |
Utilities Comparison: Sherwood vs Fayetteville
- Fayetteville has higher electricity costs at $13.72 per kWh, versus $12.36 in Sherwood.
- Natural gas price data is currently unavailable.
- Other utility costs are higher in Sherwood at an average of $260, compared to Fayetteville with $150.