Conway, AR vs Sherwood, AR

Conway, AR and Sherwood, AR have a very similar cost of living, with only a 3.6% difference in their overall index. Conway scores 80 while Sherwood scores 78 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Conway is $986/month compared to $1,011/month in Sherwood — a 3% difference. Interestingly, home values tell a different story: while Conway has cheaper rent, Sherwood actually has lower median home values ($190,900 vs $234,600).

Median household income in Conway is $58,461 compared to $79,157 in Sherwood (-26.1%). Sherwood offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Conway spend roughly 20.2% of their income on rent, more than the 15.3% in Sherwood.