Cost of Living in Booneville, AR

Housing

The housing market plays a significant role in determining the cost of living in Booneville, AR.

• Housing Index: 0.0 / 100
• Median Home Price is: $189000
• Average Rent (2 BR Apartment): $0.0 per month
• Average Rent (2 BR House): $0.0 per month

In Booneville, AR, the housing market presents intriguing aspects with a housing index of 0.0, indicating significant affordability. The median home price stands at an attractive 189000, which is ideal for homebuyers seeking value. However, it’s important to note that both the average rent for a 2-bedroom apartment and a 2-bedroom house are currently listed at 0.0 and 0.0 respectively, showing a potential lack of rental options in the area. Overall, Booneville could be a favorable choice for potential homeowners but may pose challenges for renters.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Booneville, 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.): $0.0 per month

Living in Booneville, 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 0.0 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 0.0

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $46182

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

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Summary

When considering a move to Booneville, AR, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.