Cost of Living in Wynne, AR

Housing

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

• Housing Index: 90.0 / 100
• Median Home Price is: $127000
• Average Rent (2 BR Apartment): $800 per month
• Average Rent (2 BR House): $850 per month

In Wynne, AR, the housing index stands at 90.0, suggesting an overall favorable housing market. With a median home price of 127000, prospective homebuyers may find affordability compared to national averages. Average rents for a 2BR apartment are set at 800, while a 2BR house rents for around 850. This could present a great opportunity for renters considering long-term investments in the housing market, especially in an area with competitive prices. Notably, paying attention to local job growth and community amenities can further enhance your decision-making.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Wynne, 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 Wynne, 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: 95.0

Median Income

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

• Median Income: $39280

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 Wynne, 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.