Cost of Living in Maumelle, AR
Housing
The housing market plays a significant role in determining the cost of living in Maumelle, AR.
- Housing Index: 90.0 / 100
- Median Home Price is: $305,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1200 per month
When considering a move to Maumelle, AR, the housing market appears quite accessible with a housing index of 90.0, indicating affordability compared to the national average. The median home price of 305000 could attract first-time buyers or those looking to upgrade. Meanwhile, rental options are equally reasonable, with both 2-bedroom apartments and houses averaging 1200. It’s essential to note additional costs in property taxes and potential neighborhood developments that could influence the long-term value of your investment in this community. Overall, this locale presents a solid choice for various living arrangements.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Maumelle, 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.): $250 per month
Living in Maumelle, 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 $250 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 Maumelle is a financially viable option for your relocation.