Housing costs in Mena?
A typical home costs
$155,300, which is 54.1% less expensive than the national average of
$338,100 and 14.6% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Mena costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 6.3% cheaper than the state average of
$840.
Can I afford Mena?
To live comfortably in Mena (zip 71953), Arkansas, a minimum annual income of
$29,880 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Mena?
The cost of living in 71953 Mena, AR is relatively low compared to other parts of the country. The median home value in this area is around $122,000, which is significantly lower than the national median of $227,000. Additionally, the cost of groceries and utilities are also quite low. The average cost for groceries in Mena is only 10% higher than the national average and the average monthly utility bill tends to be about 25% lower than the national standard. Overall, residents benefit from a relatively low cost of living that makes it easy to stretch their paycheck further.