Cost of Living in Sherwood, AR
Population 32,915 · Arkansas · Data vintage 2023
(100 = US avg)
Buyers in Sherwood can reasonably expect a home to cost less than three years of household income — $191,000 against $79,157 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. The labor market has been unusually tight, with unemployment around 2.9% — below most comparable cities in the state.
Located 12 miles northeast of Little Rock, Sherwood falls within that metro's commuting orbit. Median home values run roughly 14% lower than Little Rock's $221,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Sherwood
The median home value in Sherwood is $190,900 — 37% below the national median of $305,000. Median rent runs $1,011/month, 23% lower than the national median of $1,314/month. The median household income of $79,157/year is 6% higher than the US median of $74,580. The local unemployment rate is 2.9%, below the national average of 4.8%. Arkansas's top state income tax rate is 4.4% and the combined sales tax is 9.5%. Overall, Sherwood has a cost of living index of 68 versus the US average of 100, meaning it is 32% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Sherwood, AR?
Sherwood has a cost index of 68 (100 = national average). It is 32% below the national average.
What is average rent in Sherwood, AR?
The median gross rent in Sherwood is $1,011 per month based on 2023 Census data.
What is the average home price in Sherwood?
The median home value in Sherwood is $190,900 according to Zillow and Census data.
What is the median income in Sherwood?
The median household income in Sherwood is $79,157 per year (2023 ACS 5-year estimates).
What is the sales tax in Sherwood, AR?
The combined state and local sales tax rate in Sherwood is 9.5%. The Arkansas state income tax top rate is 4.4%.
Is Sherwood, AR affordable?
Yes, Sherwood is generally considered affordable, with a cost of living index of 68 — about 32% below the US national average of 100.
Sherwood at a Glance
- Population
- 32,915
- Median Income
- $79,157
- Home Value
- $190,900
- Median Rent
- $1,011/mo
- Unemployment
- 2.9%
- Sales Tax
- 9.5%
Nearby Cities
Explore county-level cost of living data
Arkansas Rankings
Similar Cost Cities
Cities in other states with comparable housing costs