Sherwood, AR is a vibrant city with a population of 33,371 and offers its residents plenty of amenities. The 2 bedroom rent in Sherwood is $930, which is more affordable than the US average rent of $1,430. In addition to affordable housing costs, the grocery cost index in Sherwood is also lower than the national average at 96 versus 100. Local companies that contribute to the economy of Sherwood include Black Hills Energy Inc., Ozark Waste Services Inc., and Metro Business Solutions. With great local businesses and a low cost living index, 72120 Sherwood is an attractive place to call home.
Sherwood (zip 72120) has an unemployment rate of 5.0%. The US average is 6.0%.
Sherwood (zip 72120) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Sherwood (zip 72120)
- The Sales Tax Rate for Sherwood (zip 72120) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Sherwood (zip 72120) is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Sherwood (zip 72120)
- The average income of a Sherwood (zip 72120) resident is $34,732 a year. The US average is $37,638 a year.
- The Median household income of a Sherwood (zip 72120) resident is $67,133 a year. The US average is $69,021 a year.