Cost of Living in Sherwood, AR
Housing
The housing market plays a significant role in determining the cost of living in Sherwood, AR.
- Housing Index: 85.0 / 100
- Median Home Price is: $247,000
- Average Rent (2 BR Apartment): $1000 per month
- Average Rent (2 BR House): $1028 per month
Considering a move to Sherwood, AR? With a housing index of 85.0, it's relatively affordable compared to the national average. The median home price is $247000, making homeownership attainable, while average rents at $1000 for a 2BR apartment and $1028 for a 2BR house offer flexibility for renters. This balance of housing affordability and reasonable rental prices suggests that Sherwood could be a smart option for those seeking a budget-friendly environment without sacrificing quality of life. Remember, local amenities and job opportunities also play a vital role in your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sherwood, AR.
- Electricity Price: $12.36 USD (median by state)
- Natural Gas Price: $17.08 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $260 per month
Living in Sherwood, AR could entail higher utility costs. Electricity costs sit at $12.36, while natural gas is priced at $17.08 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $260 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Sherwood is a financially viable option for your relocation.