Housing costs in Mena?
A typical home costs
$154,700, which is 54.2% less expensive than the national average of
$338,100 and 14.9% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Mena costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 6.3% cheaper than the state average of
$840.
Can I afford Mena?
To live comfortably in Mena, Arkansas, a minimum annual income of
$29,520 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Mena?
The cost of living in Mena, AR is relatively low compared to the national average. The overall cost of living index in Mena is 79.2, which is 21.8 points lower than the U.S. average and costs on goods and services are almost 15% below the national average. Housing costs are particularly affordable with a median home price at just under $80,000, while groceries and utilities remain cheaper than most other places in the country. Additionally, healthcare costs are highly competitive and residents benefit from low property taxes and no state income tax. All these factors contribute to make Mena an attractive option for those looking for a quality place to live without breaking the bank