Cost of Living in Fort smith, AR
Housing
The housing market plays a significant role in determining the cost of living in Fort smith, AR.
- Housing Index: 85.0 / 100
- Median Home Price is: $200000
- Average Rent (2 BR Apartment): $1000 per month
- Average Rent (2 BR House): $1200 per month
Considering relocating to Fort smith, AR? With a housing index of 85.0, the area presents an affordable option for potential residents. The median home price of 200000 offers a possible pathway to homeownership compared to many urban areas. Renting is also manageable—averaging 1000 for a 2-bedroom apartment and 1200 for a 2-bedroom house, making it feasible for different lifestyles. Additional factors like local amenities, schools, and job availability should be analyzed for a comprehensive understanding before making a move. Overall, this locality can cater to both homebuyers and renters efficiently.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fort smith, 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 Fort smith, 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 Fort smith is a financially viable option for your relocation.