Cost of Living in Glenwood, AR
Housing
The housing market plays a significant role in determining the cost of living in Glenwood, AR.
- Housing Index: 85.0 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $840 per month
Considering a move to Glenwood, AR? With a housing index of 85.0 and a median home price of 150000, the market appears to be very affordable compared to national averages. Additionally, the average rent for a 2-bedroom apartment is about 800, and for a 2-bedroom house, it’s 840. This indicates good rental opportunities for families or roommates. It's worth noting that a lower housing index could potentially translate into a quieter community, making it an appealing choice for those looking for a suburban lifestyle.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Glenwood, 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.): $250 per month
Living in Glenwood, 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 $250 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 Glenwood is a financially viable option for your relocation.