| Index | Sherwood | Arkansas | National |
| Cost of living | 93 | 86 | 100 |
| Groceries | 97 | 96 | 100 |
| Health care | 97 | 95 | 100 |
| Housing | 89 | 67 | 100 |
| Transportation | 95 | 94 | 100 |
| Utilities | 93 | 93 | 100 |
| Lifestyle & Entertainment | 91 | 93 | 100 |
| Household Items | 97 | 96 | 100 |
| Education & Childcare | 94 | 92 | 100 |
Getting a feel for the cost of living in Sherwood is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Sherwood is 93, which is 7% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.
Everyday expenditures like food, housing, lifestyle expenses, transportation and health care in Sherwood are priced in a manner consistent with other areas. This means that residents of Sherwood can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.
Is Sherwood an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Sherwood is 12.2% lower than the national average, while the average monthly rent prices are 9% lower than average. The affordability of any location can also be influenced by median income levels. Sherwood has a median household income of $93,879, which is 15.4% higher than the national average.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Sherwood, the transportation index is 4.8% lower than the national average.
Housing: When there's a high demand for housing in trendy places, it can cause property prices and rental rates to soar, leading to a significantly higher cost of living. Conversely, in less desirable locations, where demand is low, prices tend to decrease, resulting in a more budget-friendly cost of living. In Sherwood, the housing index is 11.2% lower than the national average.
Urbanization: Urban areas with a wealth of amenities and employment opportunities tend to come with a higher price tag for living. Why? Well, more people want to be there, which drives up home prices and rents. On the flip side, less densely populated rural areas or places where there's not as much demand usually mean fewer attractions, things to do and slower job growth. That often results in a lower cost of living.
The cost of living data for Sherwood shown above is based on a U.S. average baseline score of 100, making it easier to compare how far your dollar may go from one city to another. Housing uses U.S. Census home price and rental data, while all remaining values are AI-assisted estimates informed by regional pricing, climate, transportation dynamics, and local economic factors. These scores are best used for directional comparisons between cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $112,934 | $9,411 | $2,635 | $3,388 |
| Renters | $66,278 | $5,523 | $1,546 | $1,989 |
| State | General Sales Tax | With Max Surtax |
| Arkansas | 6.5% | 11.625% |
| State | Income Tax (Low) | Income Tax (High) |
| Arkansas | 2% | 4.9% |
| City | Population | Cost of Living Index | National Avg. |
| Scott, AR | 15 | 95 | 4.8% |
| College Station, AR | 328 | 76 | 23.9% |
| Sweet Home, AR | 948 | 80 | 19.5% |
| Wrightsville, AR | 1,739 | 83 | 17.4% |
| Landmark, AR | 3,734 | 85 | 15.0% |
| Sherwood, AR | 31,910 | 93 | 6.7% |
| City | Population | Cost of Living Index | National Avg. |
| Fair Oaks, CA | 31,934 | 151 | 51.0% |
| Hopkinsville, KY | 31,974 | 88 | 11.8% |
| Petersburg, VA | 31,836 | 94 | 6.3% |
| Rochester, NH | 31,988 | 104 | 3.8% |
| Algonquin, IL | 31,826 | 116 | 16.5% |
| Sherwood, AR | 31,910 | 93 | 6.7% |
Here are the best places to live in Arkansas
Most Dangerous Cities In The US
Most Dangerous States In The US
These are the largest cities in Arkansas