Cost of Living in Siloam springs, AR
Housing
The housing market plays a significant role in determining the cost of living in Siloam springs, AR.
- Housing Index: 85.0 / 100
- Median Home Price is: $245,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $850 per month
When considering a move to Siloam springs, AR, the housing landscape is quite promising. With a housing index of 85.0, values remain relatively affordable compared to national averages. The median home price stands at 245000, making homeownership accessible. If renting is your preference, expect an average rent of 800 for a 2-bedroom apartment and 850 for a house. Given these figures, this area could be appealing for both buyers and renters alike, especially in the context of the overall cost of living, which is essential for financial planning.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Siloam springs, 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 Siloam springs, 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 Siloam springs is a financially viable option for your relocation.