Cost of Living in Cabot, AR
Housing
The housing market plays a significant role in determining the cost of living in Cabot, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $217,500
- Average Rent (2 BR Apartment): $1351 per month
- Average Rent (2 BR House): $1469 per month
Considering a move to Cabot, AR? With a housing index of 86.4, affordability remains reasonable compared to national averages. The median home price stands at 217500, making homeownership accessible for many, while average rents for a 2-bedroom apartment and house are mostly competitive at 1351 and 1469, respectively. It's worthwhile to note that the local economy and job opportunities can significantly influence these figures. Overall, Cabot presents a promising option with options for both renters and prospective homebuyers.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cabot, 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 Cabot, 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 Cabot is a financially viable option for your relocation.