Housing costs in Malvern?
A typical home costs
$115,800, which is 65.7% less expensive than the national average of
$338,100 and 36.3% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Malvern costs
$770 per month, which is 8.3% cheaper than the national average of
$840 and 5.2% more than the state average of
$730.
Can I afford Malvern?
To live comfortably in Malvern (zip 72104), Arkansas, a minimum annual income of
$22,320 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Malvern?
The cost of living in 72104 Malvern, AR is fairly low compared to other areas. The median home value is $72,000, which is significantly lower than the national average. Additionally, the average rent for a one bedroom apartment is around $500 a month. Groceries are also relatively cheap compared to other parts of the country, with everyday items being 15-20% cheaper than the national average. Transportation costs also tend to be lower in Malvern due to its smaller size and lack of traffic congestion. All in all, living in 72104 Malvern, AR can be very affordable and budget-friendly for those looking for an inexpensive place to live.