Cost of Living in West memphis, AR
Housing
The housing market plays a significant role in determining the cost of living in West memphis, AR.
- Housing Index: 90.0 / 100
- Median Home Price is: $124,000
- Average Rent (2 BR Apartment): $800 per month
- Average Rent (2 BR House): $856 per month
When considering a move to West memphis, AR, you'll find a population of residents with a median age of . The median income here stands at , but it's important to note the 19% poverty rate and a 5.5% unemployment rate, which could impact community resources and job opportunities. Additionally, only 23% of families are married, hinting at a diverse family structure. As you weigh your options, consider these economic and demographic aspects carefully to determine if West memphis aligns with your lifestyle expectations and financial goals.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in West memphis, 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.): $150 per month
Living in West memphis, 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 $150 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 West memphis is a financially viable option for your relocation.