Cost of Living in Lonoke, AR
Housing
The housing market plays a significant role in determining the cost of living in Lonoke, AR.
- Housing Index: Data is updating
- Median Home Price is: $185,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
In Lonoke, AR, the median home price stands at a notably affordable 185000, making it an attractive option for homebuyers. However, both the housing index and average rents for a 2-bedroom apartment and house are currently reported as 0.0, which may suggest either a lack of data or a potentially stagnant rental market. While the lower housing prices can be beneficial for purchasing, it's crucial to look carefully into community amenities, schools, and employment opportunities in order to make an informed long-term living decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lonoke, AR.
- Electricity Price: $12.36 USD (median by state)
- Natural Gas Price: $17.08 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Lonoke, AR could entail higher utility costs. Electricity costs sit at $12.36, while natural gas is priced at $17.08 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Lonoke is a financially viable option for your relocation.