Sherwood, OR Cost Of Living
Cost Of Living In Sherwood, OR Summary
Cost of living in Sherwood research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Sherwood is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Oregon, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Sherwood is 130, with 100 being the average.
The cost of living index in Sherwood is 1.3x higher than the national average.
Sherwood ranks as the #84 cheapest in Oregon out of 98.
Sherwood ranks as the #5,259 cheapest out of 6,412 in the US.
The median home value in Sherwood is $454,400.
The median income in Sherwood is $104,651.
Table Of Contents
Sherwood's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Sherwood, OR?
According to the most recent data on the cost of living, Sherwood has an overall cost of living index of 130, which is 1.3x higher than the national index of 100.
Compared to Oregon, Sherwood has a cost of living index that's 1.1x higher than Oregon's index of 116.
The standard of living in Sherwood ranks as #84 most affordable out of the 98 places we measured in Oregon. By definition, that implies Sherwood ranks as the #14 most expensive place in the Beaver State.
For more reading on life in Sherwood, check out:
- Living In Sherwood
- Sherwood Crime Report
- Search Homes For Sale In Sherwood, OR
In Oregon
In America
Sherwood Cost Of Living Vs. Oregon
Six factors go into calculating the cost of living index in Sherwood. Here is how it fairs on each of the criteria:
The Services index in Sherwood is 118.
The Groceries index in Sherwood is 114.
The Health index in Sherwood is 118.
The Housing index in Sherwood is 160.
The Transportation index in Sherwood is 130.
The Utilities index in Sherwood is 87.
| Living Expense | Sherwood | Oregon | National Average | |
|---|---|---|---|---|
| Overall | 130 | 116 | 100 | |
| Services | 118 | 106 | 100 | |
| Groceries | 114 | 107 | 100 | |
| Health | 118 | 103 | 100 | |
| Housing | 160 | 140 | 100 | |
| Transportation | 130 | 117 | 100 | |
| Utilities | 87 | 97 | 100 | |
Sherwood, OR Housing Cost Breakdown
Housing swings affordability the most between places in Oregon, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Sherwood is $454,400.
The Median Rent in Sherwood is $1,791.
The Median Income in Sherwood is $104,651.
The Home Value To Income in Sherwood is 4.3x.
The Rent To Monthly Income in Sherwood is 0.21x.
| Statistic | Sherwood | Oregon | United States |
|---|---|---|---|
| Median Home Value | $454,400 | $362,200 | $244,900 |
| Median Rent | $1,791 | $1,250 | $1,163 |
| Median Income | $104,651 | $70,084 | $69,021 |
| Home Value To Income | 4.3x | 5.2x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.21x | 0.2x |
Median Home Value
Median Rent
Median Income
Sherwood, OR Costs By Category
Detailed Sherwood Services Costs Vs. Oregon
Detailed Sherwood Groceries Costs Vs. Oregon
Detailed Sherwood Health Costs Vs. Oregon
Detailed Sherwood Transportation Costs Vs. Oregon
Detailed Sherwood Utilities Costs Vs. Oregon
Sherwood SnackAbility
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Cost Of Living In Cities Around Sherwood
The cost of living varies in the cities and towns around Sherwood. Here's a quick look at the cost of living in the most populous nearby places:
Tigard, OR has a cost of living index of 128, 1.0x Sherwood.
Aloha, OR has a cost of living index of 120, 0.9x Sherwood.
Lake Oswego, OR has a cost of living index of 153, 1.2x Sherwood.
| City | Population | Cost Of Living | Vs. Sherwood |
|---|---|---|---|
| Tigard, OR | 54,750 | 128 | 1.0x |
| Aloha, OR | 52,704 | 120 | 0.9x |
| Lake Oswego, OR | 40,390 | 153 | 1.2x |
| Bethany, OR | 29,277 | 145 | 1.1x |
| Tualatin, OR | 27,821 | 130 | 1.0x |
| West Linn, OR | 27,173 | 140 | 1.1x |
| Wilsonville, OR | 25,887 | 133 | 1.0x |
| Newberg, OR | 25,108 | 115 | 0.9x |
| Oatfield, OR | 12,993 | 127 | 1.0x |
| Oak Hills, OR | 11,715 | 131 | 1.0x |
