Hot Springs, AR vs Sherwood, AR

Hot Springs is moderately more affordable than Sherwood, with a 9.4% lower cost of living index. Hot Springs scores 70 compared to 78 for Sherwood, where the US average is 100. This difference means residents of Sherwood can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hot Springs is $902/month compared to $1,011/month in Sherwood — a 11% difference. Home values follow the same pattern: Hot Springs is more affordable at $156,900 median vs $190,900.

Median household income in Hot Springs is $46,441 compared to $79,157 in Sherwood (-41.3%). 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 Hot Springs spend roughly 23.3% of their income on rent, more than the 15.3% in Sherwood.