Cost of Living in Conway, AR
Housing
The housing market plays a significant role in determining the cost of living in Conway, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $226,500
- Average Rent (2 BR Apartment): $1288 per month
- Average Rent (2 BR House): $1400 per month
Considering a move to Conway, AR? The housing index reflects a highly affordable market with a median home price of 226500. While data for average rent on 2-bedroom apartments and houses show as unavailable, the overall low housing costs suggest potential for investment. Typically, lower housing costs can provide increased disposable income for locals, leading to vibrant community life. Be mindful of other living considerations like job opportunities and amenities in Conway. We recommend visiting the area and researching more to ensure it fits your lifestyle needs.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Conway, 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 Conway, 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 Conway is a financially viable option for your relocation.