Housing costs in Little Rock?
A typical home costs
$175,800, which is 48.0% less expensive than the national average of
$338,100 and 3.3% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Little Rock costs
$940 per month, which is 11.9% more than the national average of
$840 and 2.1% more than the state average of
$920.
Can I afford Little Rock?
To live comfortably in Little Rock (zip 72202), Arkansas, a minimum annual income of
$33,840 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Little Rock?
The cost of living in Little Rock, AR (zip code 72202) is quite affordable. According to BestPlaces.net, the cost of living index for Little Rock is 83.7 which is 17.3% lower than the national average. This means that essentials like housing, groceries, and utilities are much more affordable in Little Rock than other parts of the country. The median home price in Little Rock is $148,900 with a median rent of $818 per month; both figures are significantly lower than the national averages. Additionally, food costs tend to be much lower in Little Rock than elsewhere with groceries costing 14% less than the national average and restaurant prices 13% lower on average. All these factors make Little Rock an attractive and budget-friendly option for those looking to move to this area.