Housing costs in Eureka Springs?
A typical home costs
$258,900, which is 23.4% less expensive than the national average of
$338,100 and 42.4% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Eureka Springs costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 6.7% more than the state average of
$840.
Can I afford Eureka Springs?
To live comfortably in Eureka Springs, Arkansas, a minimum annual income of
$49,680 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Eureka Springs?
Eureka Springs, AR is a great city to call home due to its low cost of living. The overall cost of living index in Eureka Springs is 84.8, which is significantly lower than the national average of 100. Housing costs are particularly affordable with a median home price of $142,400 and an average rent for a two-bedroom apartment at $677 per month. Utilities such as electric, gas, water and sewage are also quite affordable in Eureka Springs; electricity alone averages only 10.88 cents per kWh compared to the US average of 13.31 cents per kWh. Furthermore, groceries are 7% lower than the national average and transportation costs 8% less than the national average as well. All these factors make Eureka Springs an excellent location for those looking for an affordable place to live.