Housing costs in Melbourne?
A typical home costs
$140,600, which is 58.4% less expensive than the national average of
$338,100 and 22.7% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Melbourne costs
$730 per month, which is 49.0% cheaper than the national average of
$1,430 and 15.1% cheaper than the state average of
$840.
Can I afford Melbourne?
To live comfortably in Melbourne (zip 72556), Arkansas, a minimum annual income of
$27,000 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Melbourne?
The cost of living in 72556 Melbourne, AR is relatively low compared to the national average. According to BestPlaces, the cost of living index for this area is 79.67, which is approximately 20% lower than the U.S. national average. The largest contributor to this low cost of living is housing costs, which are nearly 40% below the national average. Additionally, food prices are 16.7% lower than other areas, and healthcare costs come in at around 10% lower than the national average. All-in-all, 72556 Melbourne makes for a great place to live with its affordable cost of living and beautiful scenery.