Lincoln Village, OH vs Sherwood, OH

Lincoln Village, OH and Sherwood, OH have a very similar cost of living, with only a 2.6% difference in their overall index. Lincoln Village scores 77 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 Lincoln Village is $1,013/month compared to $774/month in Sherwood — a 31% difference. Interestingly, home values tell a different story: while Sherwood has cheaper rent, Lincoln Village actually has lower median home values ($158,700 vs $273,900).

Median household income in Lincoln Village is $55,849 compared to $132,653 in Sherwood (-57.9%). 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 Lincoln Village spend roughly 21.8% of their income on rent, more than the 7% in Sherwood.