Housing costs in Midway?
A typical home costs
$176,800, which is 47.7% less expensive than the national average of
$338,100 and 2.8% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Midway costs
$780 per month, which is 7.1% cheaper than the national average of
$840 and close to the state average of
$790.
Can I afford Midway?
To live comfortably in Midway (zip 72651), Arkansas, a minimum annual income of
$33,840 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Midway?
The cost of living in 72651 Midway, AR is quite affordable. The median household income is $29,541, which is lower than the national average, while the median home price is only $93,100. This means that residents have access to reasonably priced housing on a budget. Additionally, the cost of living index for 72651 is 77.9 (the US average is 100) so goods and services are often available at discounted prices compared to other areas of the country. Food and gas prices tend to be lower than average as well. All these factors contribute to an overall low cost of living that makes 72651 an attractive place to live for those looking for a more affordable lifestyle.