Cost of Living in Heber springs, AR
Housing
The housing market plays a significant role in determining the cost of living in Heber springs, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $194,500
- Average Rent (2 BR Apartment): $1228 per month
- Average Rent (2 BR House): $1335 per month
In evaluating the housing market of Heber springs, AR, the median home price stands at 194500. However, it is concerning that the housing index is currently at 86.4, indicating potential affordability issues. Additionally, both the average rent for a 2-bedroom apartment and a house are currently at 1228 and 1335 respectively, which points to possible rental market stagnation. When considering a move, it's crucial to assess the broader economic landscape and job market in Heber springs, which can significantly impact long-term housing stability.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Heber springs, 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 Heber springs, 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 Heber springs is a financially viable option for your relocation.