Housing costs in Fairfield Bay?
A typical home costs
$138,900, which is 58.9% less expensive than the national average of
$338,100 and 23.6% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Fairfield Bay costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 15.1% cheaper than the state average of
$840.
Can I afford Fairfield Bay?
To live comfortably in Fairfield Bay, Arkansas, a minimum annual income of
$26,640 for a family, and
$22,000 for a single person is recommended.
What does A.I. say about Fairfield Bay?
Fairfield Bay, AR is a great place to live due to its low cost of living. It has an average housing cost that is well below the national average, at around $89,000 for a single-family home. The overall cost of living is 10 percent lower than the US average, according to the Council for Community and Economic Research (C2ER). Additionally, there are no state taxes in Arkansas and the sales tax rate in Fairfield Bay is only 8.50%, making it an affordable option to buy necessities like food and clothing. The city also offers good local amenities including public parks, beaches on Greers Ferry Lake, public transportation and plenty of shopping options. All this makes Fairfield Bay an attractive place to live for those looking for a low cost of living with access to a variety of services.