Jonesboro, AR vs Sherwood, AR

Jonesboro, AR and Sherwood, AR have a very similar cost of living, with only a 2.5% difference in their overall index. Jonesboro scores 76 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 Jonesboro is $926/month compared to $1,011/month in Sherwood — a 8% difference. Interestingly, home values tell a different story: while Jonesboro has cheaper rent, Sherwood actually has lower median home values ($190,900 vs $213,400).

Median household income in Jonesboro is $52,559 compared to $79,157 in Sherwood (-33.6%). 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 Jonesboro spend roughly 21.1% of their income on rent, more than the 15.3% in Sherwood.