Cost of Living in Harrison, AR

Housing

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

• Housing Index: 90.5 / 100
• Median Home Price is: $186000
• Average Rent (2 BR Apartment): $800 per month
• Average Rent (2 BR House): $840 per month

Considering moving to Harrison, AR? With a housing index of 90.5, it indicates affordability relative to the national average, making it a viable choice for prospective residents. The median home price is just 186000, which is below many other markets, making homeownership accessible. Additionally, average monthly rents for a 2-bedroom apartment and house sit at 800 and 840 respectively. This competitive pricing suggests a diverse housing market that caters to different needs, appealing to both renters and buyers seeking value in today’s economic landscape.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Harrison, 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 Harrison, 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 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: 97.3

Median Income

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

• Median Income: $39677

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 Harrison, 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.