Housing costs in Locust Grove?
A typical home costs
$126,700, which is 62.5% less expensive than the national average of
$338,100 and 30.3% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Locust Grove costs
$740 per month, which is 11.9% cheaper than the national average of
$840 and 2.7% more than the state average of
$720.
Can I afford Locust Grove?
To live comfortably in Locust Grove (zip 72550), Arkansas, a minimum annual income of
$24,120 for a family, and
$22,400 for a single person is recommended.
What does A.I. say about Locust Grove?
The cost of living in 72550 Locust Grove, AR is relatively low. According to the most recent census data, the median household income for this area is approximately $35,436 which is well below the national average of $63,179 per year. The median housing cost is also significantly lower than other areas at only $63,058 compared to the national median of $231,200. Additionally, groceries and utilities are both below the average rates with grocery prices being 8% lower than the national average and utility costs being 3% lower. Overall, 72550 Locust Grove is an affordable location for those looking to move or visit on a budget.