Cost of Living in Russellville, AR
Housing
The housing market plays a significant role in determining the cost of living in Russellville, AR.
- Housing Index: 85.0 / 100
- Median Home Price is: $182,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1245 per month
In analyzing the housing situation in Russellville, AR, we find a reasonably affordable housing index of 85.0, with a median home price of 182000. For renters, the average rent for a 2-bedroom apartment stands at 1200, and renting a 2-bedroom house is slightly higher at 1245. This suggests a competitive rental market conducive for families and young professionals. Historically, housing markets alike may witness appreciation over time, presenting potential opportunities for economic growth and stability in area demographics. Consider these insights when making your relocation decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Russellville, 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.): $210 per month
Living in Russellville, 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 $210 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 Russellville is a financially viable option for your relocation.