The cost of living index in Sherwood, Arkansas, shows a varied picture when compared to the nationwide average of 100. Housing stands at 80%, suggesting that housing costs in Sherwood are 20% lower than the national average. While groceries, utilities, transportation, healthcare, and miscellaneous expenses are all above the national average, the overall index still reflects a generally lower cost of living.
In Sherwood, grocery costs stand at 90%, utilities at 95%, transportation at 85%, healthcare at 92%, and miscellaneous expenses at 88%. These numbers indicate that while some areas like housing are cheaper, others such as utilities and healthcare are slightly more expensive than the national average. This mix makes Sherwood an attractive option for job seekers looking for balanced living expenses.
Sherwood, Arkansas, has a cost of living that is notably lower than the nationwide average, which is set at 100. The housing index in Sherwood stands at 80, indicating that housing costs are 20% less expensive than the national average. This lower cost makes it easier for families and individuals to find affordable living options in Sherwood.
In other areas, the cost of living remains relatively close to the national average. For example, groceries have an index of 90, showing a 10% increase over the national average, but still quite reasonable. Utilities cost 95, which is 5% more than average. Transportation costs reflect this trend, with an index of 85, meaning they are 15% cheaper. Healthcare costs a bit less than the average, with an index of 92, representing a minor 8% increase. Miscellaneous costs are 88, which is 12% less than the national average. Overall, Sherwood offers a mix of lower and slightly higher costs compared to the average, making it a balanced choice for many.
