Cost of Living in Royal, AR
Housing
The housing market plays a significant role in determining the cost of living in Royal, AR.
- Housing Index: Data is updating
- Median Home Price is: $203,000
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
While analyzing the housing market in Royal, AR, the data indicates a 0.0 index of 0.0, suggesting no current housing market activity. However, the median home price stands at 203000. This may suggest potential affordability for home buyers, especially against a backdrop of potentially lower rents, which are shown to be absent in this data. Before making your decision, consider long-term trends in local real estate, job market stability, and community amenities in Royal. This can help ensure you make an informed choice in your housing journey.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Royal, 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.): Data is updating
Living in Royal, 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 data unavailable 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 Royal is a financially viable option for your relocation.