Cost of Living in Bentonville, AR
Housing
The housing market plays a significant role in determining the cost of living in Bentonville, AR.
- Housing Index: 85.0 / 100
- Median Home Price is: $282000
- Average Rent (2 BR Apartment): $1300 per month
- Average Rent (2 BR House): $1365.6 per month
When considering a move to Bentonville, AR, the housing index of 85.0 suggests an affordable living environment relative to national averages. With a median home price of 282000, it is vital to weigh the benefits of homeownership against the average rent of $1300 for a 2-bedroom apartment or $1365.6 for a home. This combination of data indicates a balanced market, making it an attractive option, especially since investing in property here could lead to future equity and stability in a rising market. Don't forget to account for factors such as quality of life and job opportunities in your decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bentonville, 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.): $200 per month
Living in Bentonville, 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 $200 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 Bentonville is a financially viable option for your relocation.