Sherwood, AR vs Siloam Springs, AR

Sherwood, AR and Siloam Springs, AR have a very similar cost of living, with only a 0.4% difference in their overall index. Sherwood scores 78 while Siloam Springs scores 77 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 Sherwood is $1,011/month compared to $941/month in Siloam Springs — a 7% difference. Interestingly, home values tell a different story: while Siloam Springs has cheaper rent, Sherwood actually has lower median home values ($190,900 vs $205,000).

Median household income in Sherwood is $79,157 compared to $65,725 in Siloam Springs (+20.4%). 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 Sherwood spend roughly 15.3% of their income on rent, less than the 17.2% in Siloam Springs.