Housing costs in Gum Springs?
A typical home costs
$68,900, which is 79.6% less expensive than the national average of
$338,100 and 62.1% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Gum Springs costs
$720 per month, which is 49.7% cheaper than the national average of
$1,430 and 16.7% cheaper than the state average of
$840.
Can I afford Gum Springs?
To live comfortably in Gum Springs, Arkansas, a minimum annual income of
$13,320 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Gum Springs?
The cost of living in Gum Springs, AR is relatively low compared to the national average. Housing prices are quite affordable, with the median home value estimated at around $63,700. The overall cost of living index for Gum Springs is estimated to be 6% lower than the national average. This makes it a great place for new homeowners and those looking to purchase their first home. In addition, taxes tend to be lower in this area than other cities in the state, which helps keep costs down even further. Overall, Gum Springs is an affordable place to live that offers its residents a good quality of life without breaking the bank.