Housing costs in Little Rock?
A typical home costs
$353,300, which is 4.5% more expensive than the national average of
$338,100 and 94.3% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Little Rock costs
$910 per month, which is 8.3% more than the national average of
$840 and close to the state average of
$920.
Can I afford Little Rock?
To live comfortably in Little Rock (zip 72207), Arkansas, a minimum annual income of
$67,680 for a family, and
$31,600 for a single person is recommended.
What does A.I. say about Little Rock?
The cost of living in 72207 Little Rock, AR is generally quite reasonable, with a median household income of $46,411. While the overall cost of living index is slightly higher than the national average, housing costs are very affordable. The median home value is only $103,900 and the median rent for a one-bedroom apartment is around $717 per month. In addition, transportation costs are also quite low with the average price of gas being just over $2.00 per gallon. Other expenses such as groceries and utilities are also more affordable than other places in the United States, making it an ideal place for those looking for an affordable lifestyle.