Cost of Living: Sherwood, AR vs Phoenix, AZ
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,230/mo in Sherwood, AR versus $4,370/mo in Phoenix, AZ. In the model, rent is about 14.73% of gross in Sherwood, AR versus 21.24% in Phoenix, AZ, so Sherwood, AR tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Sherwood, AR and Phoenix, AZ.
At a glance
- Cheaper overall (lower cost-of-living index): Sherwood, AR
- Lower rent (median 1BR/2BR): Sherwood, AR
- Lower home prices: Sherwood, AR
- Higher median household income: Sherwood, AR
Cost of Living Index
Sherwood, AR: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Sherwood, AR has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Sherwood, AR: $961/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Phoenix, AZ is $424/mo higher than in Sherwood, AR.
Median Home Price
Sherwood, AR: $190,900 · Phoenix, AZ: $381,900
Median home price in Phoenix, AZ is $191,000 higher than in Sherwood, AR.
Median Household Income
Sherwood, AR: $79,157 · Phoenix, AZ: $77,041
Sherwood, AR has a higher median household income than Phoenix, AZ by $2,116.
Sherwood, AR overview · Phoenix, AZ overview · Popular comparisons