Cost of Living in Springdale, AR

Housing

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

• Housing Index: 89.0 / 100
• Median Home Price is: $275000
• Average Rent (2 BR Apartment): $1100 per month
• Average Rent (2 BR House): $1125 per month

Considering a move to Springdale, AR involves analyzing several important factors. The housing index is at 89.0, indicating that the costs are relatively affordable compared to the national average. With a median home price of 275000, buying may be more accessible than in many urban areas. Renters can expect to pay around 1100 for a 2-bedroom apartment or 1125 for a 2-bedroom house, highlighting the balance of rental options available. Overall, this data presents a favorable housing situation for both buyers and renters in Springdale.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Springdale, 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.): $220 per month

Living in Springdale, 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 220 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: 93.5

Median Income

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

• Median Income: $59985

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 Springdale, 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.