Housing costs in Arkansas?
A typical home costs
$181,800, which is 46.2% less expensive than the national average of
$338,100 and 0.0% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Arkansas costs
$840 per month, which is 41.3% cheaper than the national average of
$1,430 and close to the state average of
$840.
Can I afford Arkansas?
To live comfortably in Arkansas, a minimum annual income of
$34,920 for a family, and
$27,600 for a single person is recommended.
What does A.I. say about Arkansas?
Arkansas State is known for its affordability, offering a low cost of living and high quality of life. The cost of living in Arkansas is more than 14% lower than the national average, with housing being the most significant factor. In comparison to other states, groceries and transportation are both cheaper in Arkansas. Healthcare costs are more affordable as well, and no state income tax makes it even easier to keep your money where it belongs: in your pocket. As such, Arkansas is a great place for people on a budget who want to get the most out of their dollar.