Housing costs in Malvern?
A typical home costs
$119,200, which is 64.7% less expensive than the national average of
$338,100 and 34.4% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Malvern costs
$770 per month, which is 46.2% cheaper than the national average of
$1,430 and 9.1% cheaper than the state average of
$840.
Can I afford Malvern?
To live comfortably in Malvern, Arkansas, a minimum annual income of
$22,680 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Malvern?
The cost of living in Malvern, AR is very affordable. The average home price is below the national average and there is no state income tax. Food and other basic necessities are also reasonably priced compared to other places in the United States. There are also plenty of jobs available in the area due to a variety of industries such as manufacturing, agriculture, and healthcare. Combined with low housing costs, this makes Malvern an attractive place for people looking to stretch their dollar further.