Cost of Living in Benton, AR
Housing
The housing market plays a significant role in determining the cost of living in Benton, AR.
- Housing Index: 75.4 / 100
- Median Home Price is: $196,000
- Average Rent (2 BR Apartment): $1282 per month
- Average Rent (2 BR House): $1393 per month
When considering a move to Benton, AR, it's essential to analyze the housing landscape. With a housing index of 75.4, current market conditions suggest affordability, particularly with a median home price of 196000. The average rent for a 2-bedroom apartment stands at 1282, while a 2-bedroom house averages 1393. These figures indicate a reasonable rental market without straying far from homeownership options. Prospective residents may find this balance appealing, especially given job opportunities and local amenities. Remember, housing costs can influence your overall quality of life in the area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Benton, 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.): $150 per month
Living in Benton, 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 $150 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 Benton is a financially viable option for your relocation.