Cost of Living in Sherwood, AR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
108.6
100 = national avg
+8.6 vs national average
Living Wage (1 Adult)
$47,775
per year
Living Wage (Family of 4)
$112,922
per year
Cost Index by Category
Housing102.8
Food110.5
Transportation108.9
Healthcare108.4
Utilities106.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$989
per month
2 Bedroom
$1,147
per month
The overall cost of living index in Sherwood is 108.6, which is 8.6% above the national average. Housing costs are above the national average at an index of 102.8. A single adult needs to earn approximately $47,775 per year to cover basic expenses.