Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Employment
With higher than average median household income, income per capita and lower unemployment rates, this area scores extremely well in the employment category.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Health & Safety
Accessible health facilities like hospitals, doctors offices, clinics and nursing homes as well as good air quality are all factors that have led to a high score in this category.
Ratings
According to recent surveys and polls, locals had excellent ratings for walkability to nearby amenities, safety, access to public transit and the overall sense of community in the area.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Crime
Reporting high crime rates per 100,000 people, this area may be perceived as an unsafe place to reside. These statistics encompass both violent and property crime rates.
Located in the state of Arkansas, Sherwood is a mid-sized city with a population of 31,225 people. According to the most recent Census, 66% of Sherwood residents are White, 27% Black and 2% Asian. Long travel times to work can be one of the most frustrating things in the world - right behind housework! If you decide that living in Sherwood is the right fit for you, your one way commute time will average 24 minutes, which is about average when compared to the national commute time of 26 minutes.
Are you trying to ascertain if living in Sherwood is the right fit for your lifestyle? To ensure a fulfilling experience before moving to any new city in Arkansas, you will probably want to make sure that you check all of the most important boxes. Several key factors deserve attention. For one, safety is paramount, ensuring that your new area is low in crime is key. Proximity to workplaces or schools minimizes commute times and fosters convenience. Access to essential amenities like parks, grocery stores, food, fitness, shops and healthcare facilities enhances daily life. Efficient public transportation options provide mobility and connectivity. The sense of community creates a welcoming and supportive environment. Lastly, the overall atmosphere, encompassing the vibe, aesthetics, and lifestyle offerings, contributes to a fulfilling living experience. Considering these elements helps identify the ideal neighborhood for your needs and preferences. Using the livability score which includes data from categories like crime, cost of living, commute, health & safety, education, you can easily compare the best places to live in Sherwood and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Sherwood to Arkansas and the national average.
Sherwood, AR receives 70 out of 100 for its livability score; this results in a ranking of #27 in Arkansas and #6,482 in the USA. Based on the grades for each individual category, Sherwood has received high marks for cost of living (A-), employment (B) and housing (A-). There are some categories that Sherwood does not rank well for, including: amenities (F) and crime (F). It might be worth taking a closer look to find out why.
When contemplating a move, job prospects often top the list of priorities. In Sherwood, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.67% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Sherwood excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Sherwood is actually affordable. The median home price for Sherwood homes is $155,800, which is 35.8% higher than the Arkansas average. If we take a closer look at the affordability of homes in Sherwood, we’ll see that the home price to income ratio is 2.4, which is 11.1% lower than the Arkansas average.
| Statistic | Sherwood | Arkansas | National |
| Average one way commute | 24min | 22min | 26min |
| Workers who drive to work | 83.1% | 82.7% | 76.4% |
| Workers who carpool | 9.9% | 10.8% | 9.3% |
| Workers who take public transit | 0.0% | 0.4% | 5.1% |
| Workers who bicycle | 0.2% | 0.2% | 0.6% |
| Workers who walk | 0.9% | 1.7% | 2.8% |
| Working from home | 4.9% | 3.2% | 4.6% |
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