Housing costs in Norfork?
A typical home costs
$227,200, which is 32.8% less expensive than the national average of
$338,100 and 25.0% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Norfork costs
$690 per month, which is 51.7% cheaper than the national average of
$1,430 and 21.7% cheaper than the state average of
$840.
Can I afford Norfork?
To live comfortably in Norfork, Arkansas, a minimum annual income of
$43,560 for a family, and
$20,800 for a single person is recommended.
What does A.I. say about Norfork?
The cost of living in Norfork, AR is generally quite affordable. The overall cost of living index is estimated to be 17% lower than the national average, making it an attractive option for those looking to stretch their budget. Housing expenses are especially low, with rental rates averaging around $800 per month for a two-bedroom apartment. Utility bills are also fairly low when compared to other parts of the country; electricity tends to be the biggest expense for most households. Sales tax stands at 6.5%, and there's no state income tax in Arkansas, so residents don't have to worry about extra costs on top of their monthly bills. All in all, Norfork is an ideal location for those looking for an affordable place to live without sacrificing quality of life.