Housing costs in Chester?
A typical home costs
$109,300, which is 67.7% less expensive than the national average of
$338,100 and 39.9% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Chester costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 5.0% cheaper than the state average of
$840.
Can I afford Chester?
To live comfortably in Chester, Arkansas, a minimum annual income of
$20,880 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Chester?
The cost of living in Chester, AR is quite affordable when compared to the national average. The median home value is just under $100,000, and the median rent price is approximately $650 per month. The overall cost of living index for Chester is 89.4, which is 11.6 percent lower than the national average. Groceries are also reasonably priced with a grocery index score of 94.1, only 5.9 percent higher than the national average. In addition, taxes are relatively low, with effective tax rate for property tax being 0.45%, and an effective tax rate for sales tax at 7%. All things considered, Chester is a great place to live for those who want to save money while still enjoying a high standard of living in Arkansas.