Housing costs in El Dorado?
A typical home costs
$99,700, which is 70.5% less expensive than the national average of
$338,100 and 45.2% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in El Dorado costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 13.5% cheaper than the state average of
$840.
Can I afford El Dorado?
To live comfortably in El Dorado, Arkansas, a minimum annual income of
$19,080 for a family, and
$24,800 for a single person is recommended.
What does A.I. say about El Dorado?
El Dorado, AR is an affordable place to live, with a cost of living index of 79.4, which is almost 20 points lower than the US average of 100. Housing costs are especially low, with the median home value in El Dorado coming in at just $83,500 - well below the national median of around $200,000. The area also boasts a low unemployment rate and very reasonable tax rates on both state and local levels. All these factors make it an attractive destination for those looking to save money while still enjoying a comfortable lifestyle.