Cost of Living in Marion, AR
Housing
The housing market plays a significant role in determining the cost of living in Marion, AR.
- Housing Index: Data is updating
- Median Home Price is: $175,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Based on the data provided, Marion, AR has a median home price of 175000, suggesting an entry-level housing market. Unfortunately, it appears that the housing index, along with the average rental prices for a 2-bedroom apartment and house, are all recorded at 0, which could indicate a lack of available rental data or inventory. Potential movers should research local amenities and job opportunities as these factors can significantly influence living satisfaction. In addition, prospective buyers should be aware of the local real estate trends to maximize their investment value if considering home ownership.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Marion, 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 Marion, 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 Marion is a financially viable option for your relocation.