Sherwood, OH is a small Ohio city located just west of Toledo. With a population of 4,556, Sherwood is the perfect spot for those looking to find a place to call home. It offers many different amenities for residents including ample employment opportunities from local companies like Amazon Fulfillment, Meijer Grocery Stores, and General Motors Powertrain. The cost of living in Sherwood is also quite reasonable with an average two bedroom rent at $860 and a grocery cost index of 91 compared to the US average index of 100. All these factors combined make Sherwood an attractive option for prospective residents.
Sherwood has an unemployment rate of 4.1%. The US average is 6.0%.
Sherwood has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 18.6%, which is lower than the US average of 33.5%.
Tax Rates for Sherwood
- The Sales Tax Rate for Sherwood is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Sherwood is 4.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Sherwood
- The average income of a Sherwood resident is $23,560 a year. The US average is $37,638 a year.
- The Median household income of a Sherwood resident is $61,563 a year. The US average is $69,021 a year.