Cost of Living in El dorado, AR
Housing
The housing market plays a significant role in determining the cost of living in El dorado, AR.
- Housing Index: 85.0 / 100
- Median Home Price is: $135000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $816 per month
Considering a move to El dorado, AR? The housing index here stands at a favorable 85.0, indicating a relatively affordable real estate market. With a median home price of 135000, prospective buyers could find attractive options, especially in comparison to the overall national average. Renters will appreciate the average costs, with 2-bedroom apartments averaging 800 and houses about 816. Additionally, low costs of living, access to amenities, and community vibe should be taken into account, making El dorado a suitable candidate for both home ownership and renting.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in El dorado, 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 El dorado, 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 El dorado is a financially viable option for your relocation.