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 138, with 100 being the average.
The cost of living index in Sherwood is 1.4x higher than the national average.
Sherwood ranks as the #84 cheapest in Oregon out of 99.
Sherwood ranks as the #5,329 cheapest out of 6,489 in the US.
The median home value in Sherwood is $631,100.
The median income in Sherwood is $110,616.
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 138, which is 1.4x higher than the national index of 100.
Compared to Oregon, Sherwood has a cost of living index that's 1.2x higher than Oregon's index of 112.
The standard of living in Sherwood ranks as #84 most affordable out of the 99 places we measured in Oregon. By definition, that implies Sherwood ranks as the #15 most expensive place in the Beaver State.
For more reading on life in Sherwood, check out:
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 106.
The Groceries index in Sherwood is 109.
The Health index in Sherwood is 111.
The Housing index in Sherwood is 214.
The Transportation index in Sherwood is 125.
The Utilities index in Sherwood is 96.
| Living Expense | Sherwood | Oregon | National Average | |
|---|---|---|---|---|
| Overall | 138 | 112 | 100 | |
| Services | 106 | 107 | 100 | |
| Groceries | 109 | 107 | 100 | |
| Health | 111 | 104 | 100 | |
| Housing | 214 | 124 | 100 | |
| Transportation | 125 | 116 | 100 | |
| Utilities | 96 | 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 2019-2023. The key points are:
The Median Home Value in Sherwood is $631,100.
The Median Rent in Sherwood is $1,967.
The Median Income in Sherwood is $110,616.
The Home Value To Income in Sherwood is 5.7x.
The Rent To Monthly Income in Sherwood is 0.21x.
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
/10
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 139, 1.0x Sherwood.
Aloha, OR has a cost of living index of 129, 0.9x Sherwood.
Lake Oswego, OR has a cost of living index of 166, 1.2x Sherwood.
| City | Population | Cost Of Living | Vs. Sherwood |
|---|---|---|---|
| Tigard, OR | 55,395 | 139 | 1.0x |
| Aloha, OR | 53,362 | 129 | 0.9x |
| Lake Oswego, OR | 40,367 | 166 | 1.2x |
| Bethany, OR | 31,700 | 158 | 1.1x |
| Tualatin, OR | 27,710 | 138 | 1.0x |
| West Linn, OR | 27,065 | 152 | 1.1x |
| Wilsonville, OR | 26,183 | 139 | 1.0x |
| Newberg, OR | 25,622 | 129 | 0.9x |
| Oatfield, OR | 12,709 | 130 | 0.9x |
| Oak Hills, OR | 11,464 | 143 | 1.0x |
