Housing costs in Elm Springs?
A typical home costs
$491,000, which is 45.2% more expensive than the national average of
$338,100 and 170.1% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Elm Springs costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 16.0% more than the state average of
$840.
Can I afford Elm Springs?
To live comfortably in Elm Springs, Arkansas, a minimum annual income of
$93,960 for a family, and
$32,800 for a single person is recommended.
What does A.I. say about Elm Springs?
Elm Springs, AR is known for its affordability. There are a variety of housing options in the community, ranging from small apartments to sprawling estates. The cost of living is relatively low due to the fact that there are no large industries in the area and therefore fewer job opportunities than other cities. Taxes are also reasonable and there is no state income tax. Groceries and other necessities are generally inexpensive, making it easy to stretch your budget further. The local government also provides several services that keep costs down for residents such as public transportation and low-cost recreational activities. All in all, Elm Springs, AR offers an affordable lifestyle for those looking for an affordable place to call home.