Cost of Living in Alma, AR
Housing
The housing market plays a significant role in determining the cost of living in Alma, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $150,000
- Average Rent (2 BR Apartment): $1228 per month
- Average Rent (2 BR House): $1335 per month
Considering a move to Alma, AR? With a median home price at 150000, it appears to be an attractive option for homebuyers. The housing index of 86.4 may indicate unique local market conditions, but with both average rent prices for 2BR apartments and houses at 1228 and 1335, respectively, data suggests potential affordability challenges. Additionally, don't overlook community features like local schools and amenities, which play a crucial role in long-term satisfaction and future resale value.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Alma, AR.
- Electricity Price: $12.36 USD (median by state)
- Natural Gas Price: $17.08 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $208 per month
Living in Alma, AR could entail higher utility costs. Electricity costs sit at $12.36, while natural gas is priced at $17.08 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $208 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Alma is a financially viable option for your relocation.