Housing costs in Newark?
A typical home costs
$122,600, which is 63.7% less expensive than the national average of
$338,100 and 32.6% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Newark costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 15.1% cheaper than the state average of
$840.
Can I afford Newark?
To live comfortably in Newark, Arkansas, a minimum annual income of
$23,400 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Newark?
The cost of living in Newark, AR is quite affordable. The overall cost of living index is about 11 percent lower than the national average which makes it an attractive place for people looking for a more budget-friendly lifestyle. Groceries and utilities also tend to be cheaper in Newark than other Arkansas cities, making it a great value proposition for potential residents. Housing prices are likewise very reasonable, with the median home listing price in Newark ranging from around $130,000 to $170,000. All in all, Newark offers families and individuals of all incomes a great cost of living option.