Cost of Living in Sherwood, ND
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
72.7
100 = national avg
-27.3 vs national average
Living Wage (1 Adult)
$31,990
per year
Living Wage (Family of 4)
$75,612
per year
Cost Index by Category
Housing39.1
Food94.7
Transportation89.3
Healthcare95.7
Utilities84.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$824
per month
2 Bedroom
$1,081
per month
The overall cost of living index in Sherwood is 72.7, which is 27.3% below the national average. Housing costs are below the national average at an index of 39.1. A single adult needs to earn approximately $31,990 per year to cover basic expenses.