Sherwood, OH Cost of Living


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Sherwood cost of living score
73.8
Less expensive
26.2% lower
than the US average
10.8% lower
than the Ohio average
Sherwood, Ohio gets a BestPlaces Cost of Living score of 73.8, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 26.2% lower than the U.S. average and 10.8% higher than the average for Ohio.

Sherwood, OH

Housing costs in Sherwood?
A typical home costs $135,600, which is 59.9% less expensive than the national average of $338,100 and 31.2% less expensive than the average Ohio home, at $197,000. Renting a two-bedroom unit in Sherwood costs $860 per month, which is 39.9% cheaper than the national average of $1,430 and 14.0% cheaper than the state average of $980.

Can I afford Sherwood?
To live comfortably in Sherwood, Ohio, a minimum annual income of $25,920 for a family, and $26,000 for a single person is recommended.

What does A.I. say about Sherwood?
The cost of living in Sherwood, OH is relatively low compared to other cities in the region. The city's unemployment rate is below the national average, which helps to keep basic costs like housing and utilities down. The city also offers a variety of affordable dining and entertainment options, making it an attractive option for those looking for a cost-effective lifestyle. Additionally, there are plenty of shopping and recreational opportunities within the city limits, so residents can stay entertained without breaking the bank.
   Cost of living score
     CategoriesSherwoodOhioUnited States
  73.882.7100.0
  90.696.1100
  90.388.7100.0
  41.061.6100.0
  $135,600$197,000$338,100
  100.9%100.0%100.0%
  66.683.9100.0
  86.289.3100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
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