Guilford Lake, OH vs Sherwood, OH

Guilford Lake, OH and Sherwood, OH have a very similar cost of living, with only a 1.1% difference in their overall index. Guilford Lake scores 78 while Sherwood scores 79 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 Guilford Lake is $920/month compared to $774/month in Sherwood — a 19% difference. Interestingly, home values tell a different story: while Sherwood has cheaper rent, Guilford Lake actually has lower median home values ($219,300 vs $273,900).

Median household income in Guilford Lake is $61,196 compared to $132,653 in Sherwood (-53.9%). While Sherwood is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Guilford Lake spend roughly 18% of their income on rent, more than the 7% in Sherwood.