Sherwood, AR, offers a cost of living that is slightly below the nationwide average. The overall cost of living index for Sherwood stands at 91, which is 9% lower than the national average of 100. This lower cost of living is particularly noticeable in housing, where the index is 85, reflecting a 15% reduction compared to the average.
Despite the lower cost in housing, other categories like groceries, utilities, transportation, healthcare, and miscellaneous expenses remain close to the national average, with indices ranging from 90 to 95. This balance makes Sherwood an attractive option for those seeking a more affordable lifestyle without significant sacrifices in quality of life.
Sherwood, Arkansas, offers a cost of living that is notably lower than the nationwide average. The overall cost of living index for Sherwood stands at 90, which is 10% below the national average of 100. This lower cost is largely due to more affordable housing and utilities. For instance, the housing index in Sherwood is 85, which is 15% less than the national average. This means that housing costs are significantly cheaper in Sherwood compared to the rest of the country.
In addition to housing, other expenses like groceries and healthcare also contribute to Sherwood's lower cost of living. The grocery index is 90, which is just 10% below the national average. Similarly, the healthcare index is also 90, matching the national average. Utilities and transportation in Sherwood are slightly above average, with indices of 95, which is only 5% higher than the national average. This balance makes Sherwood an attractive option for those looking to reduce their living expenses without sacrificing too much in terms of quality of life.
