Housing costs in Alma?
A typical home costs
$206,600, which is 38.9% less expensive than the national average of
$338,100 and 13.6% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Alma costs
$820 per month, which is 42.7% cheaper than the national average of
$1,430 and 2.4% cheaper than the state average of
$840.
Can I afford Alma?
To live comfortably in Alma, Arkansas, a minimum annual income of
$39,600 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about Alma?
Alma, AR has an affordable cost of living that is 8% lower than the national average. The median home cost in Alma is $140,400, which is significantly lower than the national average of $231,200. Additionally, the median household income in Alma is $48,715 per year, which is slightly lower than the national average of $61,937. However, this amount still provides plenty of disposable income for many families. Furthermore, amenities such as grocery stores and restaurants are more affordable in Alma compared to other areas with higher costs of living.