Cost of Living in Little rock, AR

Housing

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

• Housing Index: 85.0 / 100
• Median Home Price is: $222000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1080 per month

Considering a move to Little rock, AR? The housing index here stands at 85.0, indicating affordability compared to national averages. With a median home price of 222000, purchasing a home may be more feasible than in higher-cost regions, and rental prices are reasonable with an average of 1200 for a 2-bedroom apartment and 1080 for a 2-bedroom house. Overall, Little rock presents an excellent opportunity for families and individuals looking for a cost-effective lifestyle, especially as home values are projected to rise in the coming years.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Little rock, 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 Little rock, 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: 92.5

Median Income

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

• Median Income: $58697

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.

• Click here for more information

Summary

When considering a move to Little rock, 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.