Cost of Living: Sherwood, AR vs Newark, OH
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Sherwood | Newark |
|---|---|---|
| Housing Index | 85.0 | 85.0 |
| Median Home Price | $247,000 | $176,250 |
| Average Rent (2 BR Apartment) | $1000 | $1120 |
| Average Rent (2 BR House) | $1028 | $1136 |
Housing Comparison: Sherwood vs Newark
- In Sherwood, the median home price is higher at $247,000, while in Newark it is $176,250.
- In Newark, the rental for a two-bedroom apartment stands at $1,120, 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 | Newark |
|---|---|---|
| Electricity Price | $12.36 | $15.92 |
| Natural Gas Price | $17.08 | $Data is updating |
| Other Utilities | $260 | $220 |
Utilities Comparison: Sherwood vs Newark
- Newark has higher electricity costs at $15.92 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 Newark with $220.