Cost of Living: Sherwood, AR vs Lakewood, NY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Sherwood | Lakewood |
|---|---|---|
| Housing Index | 85.0 | 115.0 |
| Median Home Price | $247,000 | $190,000 |
| Average Rent (2 BR Apartment) | $1000 | $1600 |
| Average Rent (2 BR House) | $1028 | $1640 |
Housing Comparison: Sherwood vs Lakewood
- In Sherwood, the median home price is higher at $247,000, while in Lakewood it is $190,000.
- In Lakewood, the rental for a two-bedroom apartment stands at $1,600, 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 | Lakewood |
|---|---|---|
| Electricity Price | $12.36 | $26.08 |
| Natural Gas Price | $17.08 | $18.13 |
| Other Utilities | $260 | $250 |
Utilities Comparison: Sherwood vs Lakewood
- Lakewood has higher electricity costs at $26.08 per kWh, versus $12.36 in Sherwood.
- Lakewood experiences higher natural gas costs at $18.13 per unit, with costs at $17.08 in Sherwood.
- Other utility costs are higher in Sherwood at an average of $260, compared to Lakewood with $250.