Housing costs in Hot Springs?
A typical home costs
$218,500, which is 35.4% less expensive than the national average of
$338,100 and 20.2% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Hot Springs costs
$880 per month, which is 38.5% cheaper than the national average of
$1,430 and 4.5% cheaper than the state average of
$840.
Can I afford Hot Springs?
To live comfortably in Hot Springs Arkan Metro Area, Arkansas, a minimum annual income of
$41,760 for a family, and
$26,800 for a single person is recommended.
What does A.I. say about Hot Springs?
The cost of living in Hot Springs, AR Metro Area is 83.2 compared to the US average of 100. This means that it is cheaper to live in Hot Springs than the national average. The median house value for the area is also lower at $218500 compared to the national average of $338100, making it more affordable for people to purchase homes here. These factors make Hot Springs an attractive place for those looking for a more affordable lifestyle without sacrificing too much quality of life.