Cost of Living in Marshall, AR
Housing
The housing market plays a significant role in determining the cost of living in Marshall, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $146,000
- Average Rent (2 BR Apartment): $1228 per month
- Average Rent (2 BR House): $1335 per month
In analyzing the housing data for Marshall, AR, we find a median home price of 146000, which indicates an opportunity for affordable home ownership. However, with a housing index of 86.4, and average rent figures for both 2-bedroom apartments and houses reported at 1228 and 1335, it could imply a significant disparity in rental availability or market calculations. Overall, if you're on the fence about moving, consider the cost of homeownership against potential rental market conditions and the lifestyle that Marshall offers.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Marshall, 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 Marshall, 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 Marshall is a financially viable option for your relocation.