Cost of Living in Huntsville, AR
Housing
The housing market plays a significant role in determining the cost of living in Huntsville, AR.
- Housing Index: 90.0 / 100
- Median Home Price is: $180,000
- Average Rent (2 BR Apartment): $1120 per month
- Average Rent (2 BR House): $1190 per month
Analyzing the data for Huntsville, AR, it's clear that the 90.0 is quite favorable with a index of 90.0, indicating housing affordability. The median home price of 180000 suggests an approachable entry point for buyers, especially in comparison to major urban centers. Renters may find competitive options, as the average rent for a 2BR apartment is 1120 and a 2BR house is 1190. This balanced equation ensures that both homeownership and renting can be viable options, making Huntsville a potentially attractive destination for new residents looking for affordability and quality of life.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Huntsville, 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.): $210 per month
Living in Huntsville, 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 $210 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 Huntsville is a financially viable option for your relocation.