Housing costs in Lonoke?
A typical home costs
$185,300, which is 45.2% less expensive than the national average of
$338,100 and 1.9% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Lonoke costs
$920 per month, which is 35.7% cheaper than the national average of
$1,430 and 8.7% more than the state average of
$840.
Can I afford Lonoke?
To live comfortably in Lonoke Arkan County, Arkansas, a minimum annual income of
$35,640 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Lonoke?
The cost of living in Lonoke, AR County is significantly lower than the national average. According to data available, the Cost of Living Index for Lonoke County is 82.3, while the US average Cost of Living Index is 100. This means that on average it is 17.7% cheaper to live in Lonoke than it is in other parts of the US. Furthermore, this can be seen reflected in the median house values which show that the Average House Value for Lonoke County is $185,300 while the US average House Value is $338,100. Therefore, those looking to purchase a home or relocate to a more affordable area should consider looking into Lonoke County for its lower cost of living and house values compared to other areas around the country.