Economy in Sherwood, OR

Sherwood, OR is a great place to live with many amenities and plentiful job opportunities. Located just outside of Portland, it offers all the convenience and excitement of a larger city while also providing some of the charm and tranquility of living in a small town. Local companies include Sherwood Farmers Market, Sherwood Community Services, Uptown Sherwood Shopping Center, International Paper Company, and Oregon State University's Northwest Research Station. Job opportunities are available across a variety of industries including retail, agriculture, manufacturing, healthcare, education and government positions. The cost of living is slightly higher in Sherwood than other parts of the US but still relatively affordable with an average two-bedroom rent being $2240 compared to $1430 for the US overall. Grocery costs are also slightly higher but still comparable with a grocery cost index of 103 versus 100 for the US as a whole.

Sherwood has an unemployment rate of 5.4%. The US average is 6.0%.

Sherwood has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 43.8%, which is higher than the US average of 33.5%.

Tax Rates for Sherwood
- The Sales Tax Rate for Sherwood is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Sherwood is 9.0%. 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 $32,557 a year. The US average is $28,555 a year.
- The Median household income of a Sherwood resident is $104,651 a year. The US average is $69,021 a year.