Sherwood, Arkansas Income Statistics
Sherwood Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Sherwood Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Sherwood | Arkansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,963 | $60,940 | $80,455 |
| Median Personal Income | $57,231 | $49,255 | $60,758 |
| Average Yearly Income Growth | 3.5% | 4.6% | 4.8% |
| Six-Figure Earners | 10.3% | 8.0% | 13.9% |
| $200k+ Households | 8.7% | 6.7% | 13.2% |
The median household income in Sherwood is about 28% higher than in Arkansas. Income has been growing slower in Sherwood (3.5%/yr) than in Arkansas (4.6%/yr).
About 10% of adults in Sherwood earn six figures ($100,000 or more) a year, higher than the Arkansas average of 8%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Sherwood, Arkansas grew by 42.9% from 2009 to 2024, reaching $77,963 in 2024. That's an average of about 3.5% per year.
Sherwood started 6.7% above the U.S. median household income in 2009 but had slipped below it by 2020, and has not been above it since. In 2024 its income was 3.1% lower.
Income Distribution in Sherwood
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 5,046 households (38.8% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 22.0% of households in Sherwood had an income under $35,000 and 17.5% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Sherwood has a larger share of households earning $100,000 to $149,999 (21.3% vs 17.4%) and a smaller share earning $200,000 or more (8.7% vs 13.2%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 554 | 4.3% | 5.1% |
| $10,000 to $14,999 | 297 | 2.3% | 3.5% |
| $15,000 to $24,999 | 1,145 | 8.8% | 6.4% |
| $25,000 to $34,999 | 865 | 6.7% | 6.7% |
| $35,000 to $49,999 | 1,490 | 11.5% | 10.1% |
| $50,000 to $74,999 | 1,950 | 15.0% | 15.5% |
| $75,000 to $99,999 | 1,643 | 12.7% | 12.6% |
| $100,000 to $149,999 | 2,771 | 21.3% | 17.4% |
| $150,000 to $199,999 | 1,143 | 8.8% | 9.5% |
| $200,000 or more | 1,132 | 8.7% | 13.2% |
Shares are of all 12,990 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 2,652 residents (10.3% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 11.7% of residents who have any income.
In 2024, 11.3% of Sherwood residents aged 15 and over reported no personal income, 25.8% had some income but less than $25,000, and 20.8% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Sherwood has a larger share of residents earning $50,000 to $74,999 (18.3% vs 14.3%) and a smaller share earning $100,000 or more (10.3% vs 13.9%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 2,888 | 11.3% | 12.8% |
| $1 to $9,999 | 2,404 | 9.4% | 11.2% |
| $10,000 to $14,999 | 1,701 | 6.6% | 7.0% |
| $15,000 to $24,999 | 2,510 | 9.8% | 10.5% |
| $25,000 to $34,999 | 2,394 | 9.3% | 9.5% |
| $35,000 to $49,999 | 3,711 | 14.5% | 12.6% |
| $50,000 to $74,999 | 4,694 | 18.3% | 14.3% |
| $75,000 to $99,999 | 2,667 | 10.4% | 8.2% |
| $100,000 or more | 2,652 | 10.3% | 13.9% |
Shares are of the 25,621 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 11.3% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Sherwood
| Metric | Sherwood | Arkansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.507 | 0.551 | 0.552 |
| Male Median Income | $67,775 | $57,045 | $69,667 |
| Female Median Income | $53,961 | $46,102 | $56,850 |
| Gender Pay Gap | 20.4% | 19.2% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Sherwood, it is 0.507, lower than Arkansas's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 26% more than women's income in Sherwood, Arkansas. Over a 35-year career, a 26% wage gap accumulates to roughly $483,490 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sherwood, Arkansas has narrowed from about 27% to 20% in 2024. Over that period the gap was narrowest at 15% in 2020. In dollar terms, the gap has widened by $56 since 2009.
Employment
| Metric | Sherwood | Arkansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.9% | 5.2% |
| Working from Home | 12.4% | 8.8% | 15.0% |
| Commute time (minutes) | 21 | 18 | 22 |
Approximately 647 people are unemployed in Sherwood, Arkansas.
The average commute time in Sherwood is 21 minutes, longer than the 18 minutes in Arkansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Sherwood, Arkansas has fallen from 4.8% to 4.1% in 2024. Over that period the rate peaked at 5.0% in 2014 and fell as low as 3.0% in 2019.
Sherwood has stayed well below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. It came closest in 2022, at 1.0 point lower. The gap has narrowed from 3.9 points in 2011 to 1.1 points in 2024.
Sherwood, AR Wealth Compared With Nearby Cities
How Sherwood, AR compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Sherwood, AR | 30,507 | $77,963 #1/3 | 3.5%/yr #1/3 | 4.1% #1/3 | 0.507 #1/3 |
| North Little Rock, AR | 58,195 | $51,876 | 3.0%/yr | 5.9% | 0.515 |
| Jacksonville, AR | 24,180 | $56,483 | 3.0%/yr | 7.4% | 0.509 |
Conclusion
Considering all these factors, Sherwood, Arkansas has an overall wealth index grade of B, making it somewhat better than Arkansas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Sherwood, Arkansas.
How Rich Is Sherwood, Arkansas?
Sherwood has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $77,963, about 28% higher than the Arkansas average of $60,940.
How has median household income changed in Sherwood, Arkansas?
Between 2009 and 2024, the median household income in Sherwood, Arkansas rose 43%, from $54,569 to $77,963. Over the same years, income here lagged behind Arkansas as a whole: +43% against +58%.
What was the median household income in Sherwood in 2023?
In 2023, the median household income in Sherwood, Arkansas was $76,991, up 5% from $73,616 in 2022. The Arkansas median that year was $58,782.
What was the median household income in Sherwood in 2020?
In 2020, the median household income in Sherwood, Arkansas was $63,113. By 2024 it had risen 24% to $77,963.
What is the Gini coefficient in Sherwood, Arkansas?
The Gini coefficient in Sherwood is 0.507. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Sherwood, Arkansas?
Since 2009, the income gap between men and women in Sherwood, Arkansas has narrowed from about 27% to 20% in 2024. Over that period the gap was narrowest at 15% in 2020. In dollar terms, the gap has widened by $56 since 2009.
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