Cost of Living in NLR & Sherwood, AR (2025)

Thinking About Moving to North Little Rock or Sherwood, Arkansas?

Located just across the river from downtown Little Rock, North Little Rock and Sherwood are two of the most popular suburbs in Pulaski County.

• North Little Rock offers historic neighborhoods, waterfront living along the Arkansas River, and easy access to Simmons Bank Arena, Dickey-Stephens Park, and downtown entertainment.

• Sherwood is known for its quiet subdivisions, newer homes, and family-friendly parks, while still providing an easy commute to Little Rock.

If you’re asking:

“What’s the cost of living in North Little Rock and Sherwood, Arkansas?”

Here’s a 2025 breakdown of housing, utilities, transportation, groceries, healthcare, and lifestyle expenses.

🏡 Housing Costs in North Little Rock & Sherwood

Both cities offer affordable housing options compared to Little Rock’s core neighborhoods.

• Median Home Price (2025):

  • North Little Rock: $245,000–$260,000

  • Sherwood: $250,000–$270,000

• Monthly Mortgage (on median home): $1,350–$1,650

• Rent:

  • 2–3 bedroom home: $1,000–$1,300

  • Apartments: $850–$1,100

👉 Both North Little Rock and Sherwood housing costs are ~25–30% lower than the U.S. average.

Neighborhood Snapshot:

• North Little Rock: Lakewood (lakes + mid-century homes), Argenta (historic district, walkable downtown), Indian Hills (established suburban homes).

• Sherwood: Miller’s Crossing (new builds), Gap Creek (established subdivision), neighborhoods along Kiehl Avenue (affordable starter homes).

💡 Utility Costs

Utility costs in North Little Rock and Sherwood are similar to other Central Arkansas suburbs:

• Electricity: $135–$180/month

• Water/Sewer/Trash: $65–$90/month

• Internet: $55–$75/month

Rates are slightly below the national average, helping keep the overall cost of living manageable.

🚗 Transportation Costs

Both North Little Rock and Sherwood are commuter-friendly thanks to direct interstate access (I-40 and Highway 67/167).

• Gas Prices (2025): ~$3.00/gallon

• Commutes:

  • Sherwood ⇆ Little Rock: 15–20 minutes

  • North Little Rock ⇆ Downtown Little Rock: 5–10 minutes

  • North Little Rock ⇆ Conway: ~25 minutes

Parking is free in most residential and suburban areas, reducing transportation costs.

🛒 Food & Groceries

• Family of four groceries: $700–$900/month

• Dining Out:

  • Casual dining: $12–$18 per person

  • Mid-range restaurants: $40–$60 for two

  • Coffee: $3–$5

North Little Rock’s Argenta Arts District offers a variety of dining and brewery options, while Sherwood has family-friendly restaurants and quick access to Little Rock dining.

🏥 Healthcare

Residents have easy access to major Little Rock healthcare systems (CHI St. Vincent, Baptist Health, UAMS) as well as local clinics and urgent care.

• Family insurance plan: $400–$600/month

• Healthcare costs are slightly below U.S. averages.

📚 Education

• North Little Rock School District: Serves much of North Little Rock, with recent facility upgrades.

• Pulaski County Special School District: Covers Sherwood schools.

• Private Schools: Several options in nearby Little Rock ($5,000–$10,000/year).

• Colleges/Universities: Close access to UALR, Pulaski Tech, and UCA (Conway).

🎉 Entertainment & Lifestyle

• North Little Rock: Simmons Bank Arena (concerts, events), Dickey-Stephens Park (Travelers baseball), Argenta Arts District.

• Sherwood: Sherwood Fest, Sherwood Forest parks, local sports leagues.

• Everyday Costs:

  • Movie ticket: $10–$12

  • Gym membership: $30–$55/month

  • Outdoor fun: Arkansas River trails, Burns Park, and Sherwood’s playgrounds.

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📊 Overall Cost of Living Index (2025)

• North Little Rock, Arkansas: ~86

• Sherwood, Arkansas: ~87(U.S. average = 100)

👉 Living in North Little Rock and Sherwood is 13–14% cheaper than the U.S. average, while offering quick access to downtown Little Rock and suburban conveniences.

✅ The Bottom Line

If you’re considering a move to Central Arkansas, North Little Rock and Sherwood strike a great balance: affordable housing, family-friendly amenities, and close proximity to Little Rock’s job market, healthcare, and entertainment.

Whether you prefer the historic charm of Argenta or the quiet subdivisions of Sherwood, these Pulaski County cities offer excellent value for families and professionals.

👩‍💼 Thinking About Relocating to North Little Rock or Sherwood, Arkansas?

As a Central Arkansas Realtor®, I help families and professionals relocating to North Little Rock, Sherwood, and nearby communities find homes that fit their budget and lifestyle.

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Cost of Living in Benton, Arkansas

Cost of Living in Central Arkansas