Cost of Living in Little rock, AR
Housing
The housing market plays a significant role in determining the cost of living in Little rock, AR.
- Housing Index: 85.0 / 100
- Median Home Price is: $222,000
- Average Rent (2 BR Apartment): $846 per month
- Average Rent (2 BR House): $920 per month
Considering a move to Little rock, AR? The housing index here stands at 85.0, indicating affordability compared to national averages. With a median home price of 222000, purchasing a home may be more feasible than in higher-cost regions, and rental prices are reasonable with an average of 846 for a 2-bedroom apartment and 920 for a 2-bedroom house. Overall, Little rock presents an excellent opportunity for families and individuals looking for a cost-effective lifestyle, especially as home values are projected to rise in the coming years.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Little rock, 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.): $150 per month
Living in Little rock, 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 $150 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 Little rock is a financially viable option for your relocation.