Sherwood, AR, offers a lower cost of living compared to the nationwide average. The overall cost of living index in Sherwood is 88, which is 12% lower than the national average of 100. This makes Sherwood an attractive option for those seeking more affordable living expenses.
Specifically, housing costs in Sherwood are 22% below the national average, while groceries, utilities, transportation, healthcare, and miscellaneous expenses are all within 8% to 15% of the national average. This balanced distribution makes Sherwood a practical choice for budget-conscious individuals.
Sherwood, Arkansas, offers a cost of living that is notably lower than the nationwide average. The cost of living index for Sherwood stands at 86, which is 14% below the national average of 100. This lower index suggests that residents can expect to pay less for their daily expenses compared to the average American. Housing costs in Sherwood, for example, are 22% below the average, with an index of 78. This makes it a more affordable option for those looking to settle in a new area.
In addition to housing, other categories also reflect Sherwood's affordability. Groceries cost 10% less, with an index of 90, while utilities are just 2% above the national average at 92. Transportation costs are slightly higher, at 95, which is 5% above average. Healthcare costs are 12% below the average, with an index of 88, and miscellaneous expenses are 15% below average, with an index of 85. Overall, Sherwood provides a cost-effective living environment for many of its residents.
