Cost of Living in Mansfield, AR
Housing
The housing market plays a significant role in determining the cost of living in Mansfield, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $89,500
- Average Rent (2 BR Apartment): $1228 per month
- Average Rent (2 BR House): $1335 per month
Considering a move to Mansfield, AR? The median home price at 89500 suggests that purchasing a home might be quite affordable compared to larger cities. However, given the housing index of 86.4 and the absence of data for both average rents for a 2-bedroom apartment and house, it's crucial to investigate local market conditions further. Lower housing indices typically indicate fewer available properties, potentially leading to upward pressure on rental prices in the future. Exploring community resources and other economic factors is vital in making a well-informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mansfield, 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 Mansfield, 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 Mansfield is a financially viable option for your relocation.