Housing costs in Elaine?
A typical home costs
$56,400, which is 83.3% less expensive than the national average of
$338,100 and 69.0% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Elaine costs
$550 per month, which is 61.5% cheaper than the national average of
$1,430 and 52.7% cheaper than the state average of
$840.
Can I afford Elaine?
To live comfortably in Elaine, Arkansas, a minimum annual income of
$10,800 for a family, and
$16,800 for a single person is recommended.
What does A.I. say about Elaine?
Elaine, AR is an affordable place to live with a low cost of living. The median home value in Elaine is $50,000, which is much lower than the national average of $231,200. Rent prices are also very reasonable with the average one-bedroom renting for around $550 per month. Additionally, groceries and other necessities are very reasonably priced as well. Overall, if you're looking for an affordable place to live then Elaine could be a great option.