Housing costs in Cotton Plant?
A typical home costs
$30,700, which is 90.9% less expensive than the national average of
$338,100 and 83.1% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Cotton Plant costs
$510 per month, which is 64.3% cheaper than the national average of
$1,430 and 64.7% cheaper than the state average of
$840.
Can I afford Cotton Plant?
To live comfortably in Cotton Plant, Arkansas, a minimum annual income of
$5,760 for a family, and
$15,600 for a single person is recommended.
What does A.I. say about Cotton Plant?
The cost of living in Cotton Plant, AR is relatively low compared to other parts of the state. According to the Best Places website, the overall cost of living index in Cotton Plant is 80.2, which is lower than the state average of 89.4 and well below the national average of 100. Housing prices are particularly attractive; with a median home value that is around $86,000, homes in Cotton Plant can be quite affordable for first-time buyers or those looking to relocate to an inexpensive area with plenty of amenities. The median rent price for Cotton Plant homes is quite reasonable as well, coming in at just over $600 per month. Goods and services are also affordable in Cotton Plant; it’s estimated that groceries and other necessary items cost about 15% below the national average. All told, Cotton Plant can be an appealing place to call home without having to break the bank.