Cost of Living in Fairfield bay, AR
Housing
The housing market plays a significant role in determining the cost of living in Fairfield bay, 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 Fairfield bay, AR? The current housing index stands at 86.4, which indicates an affordability landscape that is favorable for potential buyers. The median home price here is just 150000, making it an attractive option for first-time buyers or those looking to invest. However, it’s important to explore rental options as the average rent for a 2-bedroom apartment is 1228 and for a house 1335. Given this data, Fairfield bay appears to offer competitive home-buying opportunities relative to its rental market, ideal for families and long-term residents.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Fairfield bay, 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 Fairfield bay, 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 Fairfield bay is a financially viable option for your relocation.