Gratiot, OH vs Sherwood, OH

Gratiot, OH and Sherwood, OH have a very similar cost of living, with only a 2.1% difference in their overall index. Gratiot scores 68 while Sherwood scores 67 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 Gratiot is $819/month compared to $790/month in Sherwood — a 4% difference. Interestingly, home values tell a different story: while Sherwood has cheaper rent, Gratiot actually has lower median home values ($123,100 vs $128,500).

Median household income in Gratiot is $68,125 compared to $75,147 in Sherwood (-9.3%). 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 Gratiot spend roughly 14.4% of their income on rent, more than the 12.6% in Sherwood.