Sherwood, OR

Very High · 156

Oregon · Population 20,227 · Updated March 2026

$1,967
Median Rent / Month
$110,616
Median Income
$564,200
Median Home Value
$2,137
Owner Costs / Month

Affordability

How far your income goes in Sherwood

21.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Oregon

State-level tax rates that affect your costs

9.9%
Income Tax (Top Rate)
0%
Sales Tax
0.93%
Property Tax Rate

Estimated Annual Costs

$23,604
Annual Rent
$10,951
State Income Tax
$5,247
Property Tax (est.)

Cost of Living Overview

Sherwood has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 156 (where 100 equals the national median), Sherwood residents can expect to pay median rent of $1,967/month while earning a median household income of $110,616/year.

The median home value in Sherwood, OR is $564,200, with typical monthly owner costs around $2,137 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Oregon's top income tax rate of 9.9% is among the highest in the nation, adding to the overall cost burden. Combined with a 0% sales tax rate and 0.93% effective property tax rate, the overall tax environment is a factor in the total cost of living in Sherwood.

Frequently Asked Questions

Common questions about living costs in Sherwood

What is the cost of living in Sherwood, OR?
The cost of living index in Sherwood, OR is 156 (US average = 100). Median monthly rent is $1,967, median household income is $110,616/year, and the median home value is $564,200.
Is Sherwood, OR affordable?
No, Sherwood is more expensive than the national average with a cost index of 156. The rent-to-income ratio is 21.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Sherwood, OR?
The median gross rent in Sherwood, OR is $1,967 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $23,604.
What is the median household income in Sherwood?
The median household income in Sherwood, OR is $110,616 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Oregon?
Oregon has a top income tax rate of 9.9%, a sales tax of 0%, and an effective property tax rate of 0.93%.