How much rent can you afford in Sherwood, OR?
Run your salary against Sherwood's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Sherwood
At a median rent of $2,555/mo, Sherwood is affordable when measured against Sherwood median household income of $109,966/yr. Rent would consume roughly 28% of pre-tax income, and a salary of about $102,200 keeps rent at the recommended 30% threshold.
How Sherwood compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Sherwood?
On a $109,966 salary (the Sherwood median household income), the recommended ceiling is 30% of pre-tax income, or about $2,749/mo. Sherwood's median rent is $2,555/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Sherwood?
To keep Sherwood's $2,555/mo median rent under 30% of income, you'd need about $102,200/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Sherwood affordable on the median Oregon income?
Sherwood is affordable on a $109,966 income. Rent would take 28% of pre-tax pay, inside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".