Cost of Living in Sherwood, OH
Housing
The housing market plays a significant role in determining the cost of living in Sherwood, OH.
- Housing Index: 91.8 / 100
- Median Home Price is: $203,000
- Average Rent (2 BR Apartment): $1363 per month
- Average Rent (2 BR House): $1481 per month
When considering a move to Sherwood, OH, it's vital to highlight the current housing data you've provided. With a housing index of 91.8, the market appears favorable for buyers, especially with a median home price of 203000, which is significantly lower than national averages. However, it's questionable to see rents for 2-bedroom apartments and houses reflected as zero. This could indicate a lack of available rental listings, potentially creating a challenging environment for renters. Research the local rental market trends to attain a comprehensive understanding of housing options before making any decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sherwood, OH.
- Electricity Price: $15.92 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $229 per month
Living in Sherwood, OH could entail higher utility costs. Electricity costs sit at $15.92, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $229 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Sherwood is a financially viable option for your relocation.