Housing costs in Genoa?
A typical home costs
$0, which is 100.0% less expensive than the national average of
$338,100 and 100.0% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Genoa costs
$870 per month, which is 39.2% cheaper than the national average of
$1,430 and 3.4% more than the state average of
$840.
Can I afford Genoa?
To live comfortably in Genoa, Arkansas, a minimum annual income of
$25,560 for a family, and
$28,000 for a single person is recommended.
What does A.I. say about Genoa?
The cost of living in Genoa, AR is significantly lower than the national average. According to the US Average Cost of Living Index, the median house value in Genoa is considerably lower than the US average of $338,100. This lower cost of living makes Genoa an attractive option for those looking to purchase a home on a budget. The lower cost of living also means that everyday essentials such as groceries and transportation costs are much more affordable in Genoa when compared with other areas of the country. With all these factors combined, it's easy to see why people would opt for this small town rather than spending more money elsewhere.