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: $247000
• 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.2

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $74917

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Sherwood, AR, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.