Cost of Living in Sherwood
Detailed cost of living data — sourced from authoritative datasets and normalized for direct comparison.
Cost of Living in Sherwood, Arkansas
The cost of living in Sherwood, AR, is notably more affordable than the national average, with an index of 93, indicating it is 7% lower than the U.S. average. This affordability is primarily driven by lower housing expenses, which are approximately 11% below the national average. Utility prices and transportation costs also contribute to the city's lower cost of living, being 13% and 12% lower than the national average, respectively.
While groceries are also slightly less expensive, about 6% below the national average, the overall lower expenses make Sherwood an attractive option for those seeking a comfortable lifestyle without the high costs associated with many other American cities. The median household income in Sherwood, at $81,328 in 2024, is comparable to the national average, further enhancing the city's affordability and allowing residents to maintain financial stability.
Monthly Costs
Detailed Breakdown
About Sherwood, Arkansas
Sherwood, Arkansas, is a thriving suburban city located in Pulaski County, just northeast of Downtown Little Rock. Incorporated in 1948, it has grown into a community known for its blend of small-town charm and convenient access to big-city amenities. The city is characterized by its quiet residential neighborhoods, numerous public parks, and a family-friendly atmosphere, making it an attractive destination for families and young professionals alike. Sherwood's strategic location along the US Highway 67/167 corridor contributes to its accessibility and continued development.
Residents are drawn to Sherwood for its quality of life, which includes above-average public schools and a strong sense of community. The city actively focuses on economic development, aiming to diversify its economic base and support sustainable growth, ensuring a vibrant environment for both residents and businesses. Its proximity to the larger metropolitan area of Little Rock allows residents to enjoy cultural and recreational activities that might not be available in a smaller municipality, while still maintaining a distinct local identity.
About Arkansas
Arkansas, known as "The Natural State," offers diverse geography from the Ozark and Ouachita Mountains to the Mississippi River Delta, fostering a relaxed, nature-oriented lifestyle. The economy, historically rooted in agriculture with rice and poultry as leading products, has diversified to include significant contributions from manufacturing (food products, chemicals, wood and paper products, aerospace parts) and a growing service sector, largely influenced by Walmart's presence. Living in Arkansas is generally affordable, with a cost of living consistently below the national average, particularly for housing. The state experiences a humid subtropical climate with mild winters and hot, humid summers, and while property taxes are low, sales taxes can be high.
