Housing costs in Lake Hamilton?
A typical home costs
$358,400, which is 6.0% more expensive than the national average of
$338,100 and 97.1% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Lake Hamilton costs
$910 per month, which is 36.4% cheaper than the national average of
$1,430 and 7.7% more than the state average of
$840.
Can I afford Lake Hamilton?
To live comfortably in Lake Hamilton, Arkansas, a minimum annual income of
$68,760 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Lake Hamilton?
The cost of living in Lake Hamilton, AR is quite reasonable. The median home price is around $155,000, making it an affordable option for those looking to buy or rent a property. In addition, the overall cost of living is well below the national average, with local costs on goods and services being at least 13% less than those found in other cities. Furthermore, the local job market is strong and unemployment rates are low. All of these factors combine to make Lake Hamilton a great place to live while still maintaining a manageable budget.