Housing costs in Dermott?
A typical home costs
$72,600, which is 78.5% less expensive than the national average of
$338,100 and 60.1% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Dermott costs
$570 per month, which is 60.1% cheaper than the national average of
$1,430 and 47.4% cheaper than the state average of
$840.
Can I afford Dermott?
To live comfortably in Dermott, Arkansas, a minimum annual income of
$14,040 for a family, and
$17,200 for a single person is recommended.
What does A.I. say about Dermott?
The cost of living in Dermott, AR is very low compared to the national average. It has a low housing market with an average home price of $85,000, lower than much of the surrounding area. The cost of utilities such as electricity and natural gas are also lower than most other places in Arkansas. Groceries tend to be slightly higher than the national average, but overall there are still many bargains to be had. Additionally, the local tax rate is quite low at only 6.5%. All of these factors combined make Dermott a great place to live if you’re looking for an affordable lifestyle.