Cost of Living: Sherwood, AR vs Valley, AL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Sherwood | Valley |
|---|---|---|
| Housing Index | 85.0 | 70.0 |
| Median Home Price | $247,000 | $203,000 |
| Average Rent (2 BR Apartment) | $1000 | $800 |
| Average Rent (2 BR House) | $1028 | $850 |
Housing Comparison: Sherwood vs Valley
- In Sherwood, the median home price is higher at $247,000, while in Valley it is $203,000.
- In Valley, 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 | Valley |
|---|---|---|
| Electricity Price | $12.36 | $15.03 |
| Natural Gas Price | $17.08 | $21.76 |
| Other Utilities | $260 | $180 |
Utilities Comparison: Sherwood vs Valley
- Valley has higher electricity costs at $15.03 per kWh, versus $12.36 in Sherwood.
- Valley experiences higher natural gas costs at $21.76 per unit, with costs at $17.08 in Sherwood.
- Other utility costs are higher in Sherwood at an average of $260, compared to Valley with $180.