Sherwood cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexSherwoodOhioNational
Cost of living index8291100
IndexSherwoodOhioNational
Goods & Services index9696100
Groceries index9299100
Health care index9296100
Housing index5475100
Transportation index8895100
Utilities index93101100

Did you know?

  • The cost of living in Sherwood is 10% lower than the Ohio average.
  • The cost of living in Sherwood is 18% lower than the national average.
  • The cost of housing in Sherwood is 46% lower than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 76% lower than the national average.

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Compare Sherwood, OH Cost of living To Other Cities

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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,063$4,089$1,145$1,472
Renters$31,250$2,604$729$938

Ohio Sales Tax

StateGeneral Sales TaxWith Max Surtax
Ohio5.75%8%

Ohio Income Tax

StateIncome Tax (Low)Income Tax (High)
Ohio0.528%5.333%

Goods & Services

ItemSherwoodNational avg.Difference
Haircut $12.00$14.5917.8%
Beauty Salon $22.00$34.6836.6%
Toothpaste $1.78$2.4728.0%
Shampoo $0.84$1.0217.8%
Movie $9.25$9.876.3%
Bowling $3.33$4.3924.2%

Groceries

ItemSherwoodNational avg.Difference
Ground Beef $4.32$4.483.5%
Fried Chicken $1.29$1.4611.9%
Milk $1.49$2.3636.8%
Potatoes $3.22$3.065.2%
Pizza $9.00$9.242.6%
Beer $8.54$8.631.1%

Health Care

ItemSherwoodNational avg.Difference
Optometrist $91.33$99.788.5%
Doctor $86.33$105.0317.8%
Dentist $83.50$88.705.9%
Ibuprofen $8.08$9.4114.2%
Lipitor $301.80$298.501.1%

Housing

ItemSherwoodNational avg.Difference
Home Price $86,600.00$175,700.0050.7%
Avg. Mortgage Payment $827.91$1,081.0323.4%
Apartment Rent $613.00$920.0033.4%

Transportation

ItemSherwoodNational avg.Difference
Gasoline $1.90$2.099.0%
Tire Balancing $36.67$45.2919.0%

Utilities

ItemSherwoodNational avg.Difference
All Electricity$137.03$170.8019.8%
Phone $30.99$28.269.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Plainville, OH1196-4%
Brecon, OH25669-31%
Elmwood Place, OH1,88780-20%
Lincoln Heights, OH3,34882-18%
Fairview city, KY16680-20%
Sherwood, OH80282-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Le Roy, MN80283-17%
Alliance, NC802100-0%
Juniata Terrace, PA80285-15%
Sunday Lake, WA80212525%
Jennings, FL80277-23%
Sherwood, OH80282-18%
Source: The Sherwood, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.