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: $245000
• 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 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: 94.5

Median Income

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

• Median Income: $59911

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 Siloam springs, 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.