Housing costs in Hamburg?
A typical home costs
$82,800, which is 75.5% less expensive than the national average of
$338,100 and 54.5% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Hamburg costs
$680 per month, which is 52.4% cheaper than the national average of
$1,430 and 23.5% cheaper than the state average of
$840.
Can I afford Hamburg?
To live comfortably in Hamburg, Arkansas, a minimum annual income of
$15,840 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Hamburg?
The cost of living in Hamburg, AR is relatively low compared to other parts of the country. The median home price in Hamburg is $69,000, which is well below the national average of $184,700. According to a 2019 estimate from the City-Data website, the cost of living in Hamburg had a Composite Index of 82.3, which means that it was 17.7% cheaper than the U.S. average. Food and groceries are also less expensive in Hamburg than most places due to its rural location; housing costs are approximately 10% lower than the national average while overall prices for goods and services fall by around 8%. All these factors create an attractive option for those looking for an affordable place to live with minimal costs associated with everyday life.