Cost of Living: Sherwood, AR vs Norfolk, NE
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Sherwood | Norfolk |
|---|---|---|
| Housing Index | 85.0 | 90.5 |
| Median Home Price | $247,000 | $183,000 |
| Average Rent (2 BR Apartment) | $1000 | $800 |
| Average Rent (2 BR House) | $1028 | $864 |
Housing Comparison: Sherwood vs Norfolk
- In Sherwood, the median home price is higher at $247,000, while in Norfolk it is $183,000.
- In Norfolk, the rental for a two-bedroom apartment stands at $800, 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 | Norfolk |
|---|---|---|
| Electricity Price | $12.36 | $12.92 |
| Natural Gas Price | $17.08 | $13.89 |
| Other Utilities | $260 | $250 |
Utilities Comparison: Sherwood vs Norfolk
- Norfolk has higher electricity costs at $12.92 per kWh, versus $12.36 in Sherwood.
- Natural gas is more expensive in Sherwood at $17.08 per unit, while it is cheaper at $13.89 in Norfolk.
- Other utility costs are higher in Sherwood at an average of $260, compared to Norfolk with $250.