Housing costs in Fort Smith?
A typical home costs
$192,100, which is 43.2% less expensive than the national average of
$338,100 and 5.7% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Fort Smith costs
$930 per month, which is 10.7% more than the national average of
$840 and 15.1% more than the state average of
$790.
Can I afford Fort Smith?
To live comfortably in Fort Smith (zip 72908), Arkansas, a minimum annual income of
$36,720 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about Fort Smith?
The cost of living in 72908 Fort Smith, AR is relatively low compared to other cities. The overall cost of living index for this zip code is 86.4, which is 14.6% lower than the national average, making it one of the most affordable places to live in Arkansas. The median home value is $102,600 and the median household income is $40,417; both figures are below the state averages. Utilities in this area are also quite inexpensive, with electricity rates at 10% less than the national average and natural gas prices up to 39% lower than other areas of Arkansas. In addition, the tax rate in 72908 Fort Smith, AR stands at 6%. All these factors make Fort Smith a great choice for those looking to stay within a budget while still living comfortably.