Housing costs in Hot Springs?
A typical home costs
$187,300, which is 44.6% less expensive than the national average of
$338,100 and 3.0% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Hot Springs costs
$780 per month, which is 7.1% cheaper than the national average of
$840 and 12.8% cheaper than the state average of
$880.
Can I afford Hot Springs?
To live comfortably in Hot Springs (zip 71901), Arkansas, a minimum annual income of
$36,000 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Hot Springs?
The cost of living in 71901 Hot Springs, AR is relatively affordable for most people. The median home value in the area is $121,400 and the median household income is around $41,531. This means that housing prices are not sky-high and residents can easily afford to live in a comfortable home. Additionally, basic necessities such as groceries and utilities are fairly inexpensive compared to other cities. Overall, 71901 Hot Springs, AR provides an excellent quality of life at an affordable cost of living.