Cost of Living in Sherwood Manor, CT

With a cost of living index of 105, Sherwood Manor, CT is somewhat more expensive than average. Living here is 5% more expensive than the national average and 20% below the Connecticut state average of 125. Sherwood Manor is a smaller community of 5,781 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Sherwood Manor's cost of living. The median monthly rent is $1,656 (26% above the US median of $1,319), and the median home value sits at $241,100 (21% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Sherwood Manor is $96,274, which is 28% higher than the national median of $75,149. Residents spend roughly 21% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.