Cost of Living in Dermott, AR
Housing
The housing market plays a significant role in determining the cost of living in Dermott, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $75,000
- Average Rent (2 BR Apartment): $1228 per month
- Average Rent (2 BR House): $1335 per month
Considering a move to Dermott, AR? With a housing index of 86.4, the area presents a unique opportunity for homebuyers. The median home price is notably low at 75000, making it affordable for potential residents. However, with no available data on rental prices—1228 for apartments and 1335 for houses—it suggests limited rental options. If you're planning to purchase, use this affordability as leverage; yet, be cautious regarding rental market prospects. Always factor in local amenities and job opportunities, as these significantly influence an area's livability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Dermott, 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 Dermott, 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 Dermott is a financially viable option for your relocation.