Housing costs in Lonoke?
A typical home costs
$164,800, which is 51.3% less expensive than the national average of
$338,100 and 9.4% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Lonoke costs
$810 per month, which is 43.4% cheaper than the national average of
$1,430 and 3.7% cheaper than the state average of
$840.
Can I afford Lonoke?
To live comfortably in Lonoke, Arkansas, a minimum annual income of
$31,680 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Lonoke?
The cost of living in Lonoke, AR is very reasonable compared to other parts of the country. The average homeowner's monthly cost for housing, utilities, groceries, and healthcare are much lower than the national average. The median home value in Lonoke is $112,400 and the median rent is just $717 per month. Additionally, grocery prices are 12% lower than the national average and healthcare costs are 17% lower than the national average. This makes Lonoke a desirable place to live for those looking to get more bang for their buck.