Cost of Living in Mayflower, AR
Housing
The housing market plays a significant role in determining the cost of living in Mayflower, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $243,000
- Average Rent (2 BR Apartment): $1228 per month
- Average Rent (2 BR House): $1335 per month
In exploring the housing market of Mayflower, AR, the median home price stands at a competitive 243000. However, with a housing index of 86.4, it indicates limited availability or possibly a stagnant market. Renters may find more value, though the reported average rents for a 2-bedroom apartment and house are both at 0.0, suggesting data may be missing. Before making a decision, consider the vibrancy of the local economy, the desirability of the neighborhood, and future market trends, as these factors heavily impact long-term decisions in real estate.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mayflower, 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 Mayflower, 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 Mayflower is a financially viable option for your relocation.