Housing costs in Sherwood?
A typical home costs
$137,700, which is 59.3% less expensive than the national average of
$338,100 and 50.4% less expensive than the average Tennessee home, at
$277,400. Renting a two-bedroom unit in Sherwood costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 42.7% cheaper than the state average of
$1,070.
Can I afford Sherwood?
To live comfortably in Sherwood (zip 37376), Tennessee, a minimum annual income of
$26,280 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Sherwood?
The cost of living in 37376 Sherwood, TN is relatively low compared to other parts of the country. Housing costs are particularly low as the median home value in Sherwood is just $109,100, which is significantly lower than the national average of $185,400. Additionally, groceries are 7.2% cheaper than the national average and all other goods and services are 8.7% cheaper than the national average. The overall cost of living index for this area is 83.7, making it one of the most affordable places to live in Tennessee.