Housing costs in Hot Springs?
A typical home costs
$231,700, which is 31.5% less expensive than the national average of
$338,100 and 27.4% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Hot Springs costs
$850 per month, which is 40.6% cheaper than the national average of
$1,430 and close to the state average of
$840.
Can I afford Hot Springs?
To live comfortably in Hot Springs, Arkansas, a minimum annual income of
$44,280 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Hot Springs?
The cost of living in Hot Springs, AR is generally quite affordable. The overall cost of living index is 2% lower than the national average and housing costs are also low, with a median home price around $98,000. Other expenses such as groceries and utilities are also reasonably priced, making Hot Springs an attractive place to live for people on a budget. Additionally, healthcare costs are 6% lower than the national average. All these factors make Hot Springs an excellent option for those looking for an affordable place to call home.