Housing costs in Ratcliff?
A typical home costs
$125,700, which is 62.8% less expensive than the national average of
$338,100 and 30.9% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Ratcliff costs
$650 per month, which is 54.5% cheaper than the national average of
$1,430 and 29.2% cheaper than the state average of
$840.
Can I afford Ratcliff?
To live comfortably in Ratcliff (zip 72951), Arkansas, a minimum annual income of
$24,120 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Ratcliff?
The cost of living in 72951 Ratcliff, AR is quite reasonable. The median home value is approximately $117,900, which is well below the national average and significantly lower than larger cities. Renting a two bedroom apartment costs just under $700 a month on average, so it's relatively affordable for those looking for an inexpensive place to live. The overall cost of living index in 72951 Ratcliff, AR is 79.3 which is 11% lower than the national average, allowing residents to enjoy a high quality of life at a fraction of the cost of larger cities and towns. Additionally, groceries and utilities tend to be cheaper compared to other areas of the country; overall this area provides great value for money when it comes to living expenses.