How does the cost of living in Sherwood compare to the national average?

Sherwood’s cost of living index is 93, which is 7 points below the national average of 100. This means everyday expenses like groceries, utilities, and transportation are slightly cheaper than the U.S. average. Housing costs, however, are a bit higher than the average for the region, with the average rent around $1,345 per month. Overall, you can expect to spend less on day‑to‑day items but should budget a bit more for rent.