Housing costs in Bonanza?
A typical home costs
$85,100, which is 74.8% less expensive than the national average of
$338,100 and 53.2% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Bonanza costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 9.7% more than the state average of
$840.
Can I afford Bonanza?
To live comfortably in Bonanza, Arkansas, a minimum annual income of
$16,200 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Bonanza?
Bonanza, AR has a low cost of living overall compared to the national average. Housing prices are particularly affordable with a median list price of $89,900 for a single family home. The median household income is $37,877 and the median rent price is only $603 per month. The cost of groceries in Bonanza is also low; some items that are commonly found at grocery stores such as bread and milk cost about 10% less than the national average. In addition, taxes in Bonanza are relatively low when compared to other parts of Arkansas; both sales tax and property tax rates are among the lowest in the state. All these factors make Bonanza an ideal place to live for individuals who seek an affordable lifestyle.