Salary & Cost of Living in Sherwood, AR
Sherwood, AR: $42,889 median salary, cost of living index 80.9, $11.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$42,889
$21/hr
Cost of Living
80.9
US avg = 100
Minimum Wage
$11.00
per hour
Unemployment
3.3%
rate
Sherwood, AR Overview
Population
32,229
Median Salary
$42,889
Average Salary
$48,036
Avg Commute
16 min
Median Home Price
$144,000
Median Rent
$592/mo
Job Growth
+1.4%
Sales Tax
6.5%
Sherwood is located in Arkansas with a population of 32,229. The median household salary is $42,889 per year ($21/hour), which is $16,495 below the national median of $59,384. The average commute time is 16 minutes, and the city has a job growth rate of +1.4%.
Sherwood Salary by Experience Level (2026)
Wage distribution in Sherwood, AR based on BLS percentile breakdown of the $42,889 median salary. Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $26,591 | $12.78/hr | 0–2 years |
| Mid-Level (Median) | $42,889 | $20.62/hr | 3–7 years |
| Senior-Level | $60,902 | $29.28/hr | 8–15 years |
| Top 10% (90th Percentile) | $76,342 | $36.70/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) derived from 2024 BLS Occupational Employment and Wage Statistics distribution across all occupations in metro areas. Specific roles vary; see jobs by city for role-specific data.
Sherwood Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Sherwood, AR, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$34,613
$2,884.39/month · $1,331.26/biweekly · Effective Rate: 19.3%
Gross Pay
$42,889
Federal Tax
-$3,108
State Tax
-$1,887
Local Tax
$0
FICA
-$3,281
Net Pay
$34,613
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $3,574.08 | $42,889.00 |
| Federal Income Tax | -$259.02 | -$3,108.18 |
| Arkansas State Tax (4.4%) | -$157.26 | -$1,887.12 |
| Social Security (6.2%) | -$221.59 | -$2,659.12 |
| Medicare (1.45%) | -$51.82 | -$621.89 |
| Net Take-Home Pay | $2,884.39 | $34,612.70 |
Salary Comparison: Sherwood vs Other Cities
See how Sherwood's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Sherwood, AR | $42,889 | 80.9 | $53,015 |
| National Average | $59,384 | 100 | $59,384 |
| Bartlesville, OK | $42,895 | 80.6 | $53,220 |
| Muskogee, OK | $42,896 | 84.2 | $50,945 |
| St. Peters, MO | $42,842 | 85 | $50,402 |
| Lancaster, OH | $42,816 | 84.2 | $50,850 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Sherwood
Sherwood's cost of living index is 80.9 (national average = 100). Living in Sherwood is 19.099999999999994% less expensive than the national average.
Median Home Price
$144,000
Median Monthly Rent
$592
Annual Rent Cost
$7,104
Your Salary's Purchasing Power
Your $34,613 annual take-home pay in Sherwood has the purchasing power of approximately $42,785 in an average-cost US area. Your $42,889 salary stretches further here than in most US cities.
Top Industries in Sherwood
Sherwood's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $42,889.
Salary Tips for Sherwood Workers
- Your salary goes further here. Sherwood has a cost of living 19.099999999999994% below the national average. A salary of $42,889 here has the purchasing power of about $53,015 in an average-cost area.
- Research top industries. Sherwood's top industries include Agriculture, Retail, Healthcare. Targeting roles in these sectors can help you earn above the $42,889 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate Sherwood salary data: Our citywide compensation figures aggregate occupation-specific salary data from BLS Occupational Employment and Wage Statistics for the Sherwood-AR metropolitan statistical area (MSA), weighted by local employment counts. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Sherwood indexed at 80.9.
- Median salary calculation: weighted average of Sherwood's occupation-specific medians from BLS OEWS, adjusted for local cost of living. Net result: $42,889 annual median.
- Tax burden reflects Arkansas state income tax (4.4%) (no local income tax), sales tax (6.5%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Sherwood: 3.3%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Agriculture, Retail, Healthcare — based on QCEW employment concentration data.
- Job growth: 1.4% projected through 2034, derived from BLS Employment Projections program for Arkansas.
- Housing context: median home price $144,000, median rent $592/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Sherwood, AR:
- BLS Occupational Employment and Wage Statistics (OEWS) — metropolitan area salary data
- BLS Local Area Unemployment Statistics — Sherwood unemployment rate
- U.S. Census Bureau — Sherwood QuickFacts — population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW) — county-level industry employment
- BLS Economy at a Glance — Arkansas — state economic indicators
- U.S. Bureau of Economic Analysis (BEA) — local GDP and personal income data
- BLS Consumer Price Index (CPI-U) — regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Sherwood's rapidly changing economy can shift these baselines — always verify with current job listings, employer offers, and recent Arkansas labor market reports for the most current figures.
Reviewed by Brazora Monk· Last updated 2026 · BLS & Census data current as of latest releases
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Frequently Asked Questions
What is the median salary in Sherwood, AR?
The median salary in Sherwood, AR is $42,889 per year, or $21 per hour. The average salary is $48,036. This is $16,495 below the national median of $59,384.
What is the cost of living in Sherwood, AR?
Sherwood's cost of living index is 80.9 (national average = 100), meaning it is 19.099999999999994% less expensive compared to the national average. The median home price is $144,000 and the median monthly rent is $592.
What are the best industries in Sherwood?
The top industries in Sherwood, AR include Agriculture, Retail, Healthcare. The city has a job growth rate of 1.4% and an unemployment rate of 3.3%. Workers in these industries often earn above the city's median salary of $42,889.
How does Sherwood's salary compare to other cities?
Sherwood's median salary of $42,889 is 27.8% below the national median of $59,384. However, when adjusted for cost of living (index: 80.9), the real purchasing power is approximately $53,015.
What is the minimum wage in Sherwood, AR?
The minimum wage in Sherwood, AR is $11.00 per hour. This equals approximately $22,880 per year for a full-time worker (40 hours/week). This is $3.75 above the federal minimum wage of $7.25/hour.