Cost of Living in Sherwood village, OH

A+
13%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
46%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Sherwood village Ohio National
Cost of living8792100
Goods & Services102100100
Groceries102101100
Health care10398100
Housing5473100
Transportation102100100
Utilities10099100
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Cost Of Living Quick Facts

  • The cost of living in Sherwood village is 5% lower than the Ohio average
  • The cost of living in Sherwood village is 13% lower than the national average
  • Sherwood village housing is 46% lower than the national average
  • Ohio general sales tax is 13% higher than the national average
  • Ohio state income tax is 6% higher than the national average

Most Affordable Places to Live in and Around Sherwood village

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Compare Sherwood village, OH Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$50,667$4,222$1,182$1,520
      Renters$30,625$2,552$715$919

      Ohio Sales Tax

      State General Sales Tax With Max Surtax
      Ohio 5.75% 8%

      Ohio Income Tax

      State Income Tax (Low) Income Tax (High)
      Ohio 2.76% 3.99%

      Goods & Services

      Item Sherwood village National avg. Difference
      Haircut $25.13$24.263.6%
      Beauty Salon $37.93$45.5616.7%
      Toothpaste $3.60$3.702.7%
      Shampoo $1.27$1.280.6%
      Movie $14.35$12.1318.3%
      Bowling $17.56$18.002.5%

      Groceries

      Item Sherwood village National avg. Difference
      Ground Beef $5.91$5.841.2%
      Fried Chicken $1.72$1.579.1%
      Milk $4.80$4.672.7%
      Potatoes $5.05$4.932.3%
      Pizza $11.92$12.091.4%
      Beer $10.63$10.412.1%

      Health Care

      Item Sherwood village National avg. Difference
      Optometrist $105.42$125.6816.1%
      Doctor $159.40$135.7817.4%
      Dentist $106.67$113.295.8%
      Ibuprofen $10.68$10.650.3%
      Lipitor $497.02$468.606.1%

      Housing

      Item Sherwood village National avg. Difference
      Home Price $86,700.00$184,700.0053.1%
      Avg. Mortgage Payment $1,993.26$2,346.6915.1%
      Apartment Rent $663.00$949.0030.1%

      Transportation

      Item Sherwood village National avg. Difference
      Gasoline $3.27$3.465.6%
      Tire Balancing $73.09$59.9222.0%

      Utilities

      Item Sherwood village National avg. Difference
      All Electricity $197.10$193.991.6%
      Phone $186.48$192.253.0%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Plainville, OH1531021.7%
      Dillonvale village, OH6458316.6%
      Elmwood Place, OH2,0718416.4%
      Arlington Heights, OH8278514.7%
      Lincoln Heights, OH3,3598613.8%
      Sherwood village, OH7788712.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Oak Creek, CO778990.5%
      Dover, ID77812928.5%
      Oneida, IL7788416.2%
      Wataga, IL7788119.4%
      Laurel, IN7787921.0%
      Sherwood village, OH7788712.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
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