Cost of Living in Traskwood, AR
Housing
The housing market plays a significant role in determining the cost of living in Traskwood, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $117,000
- Average Rent (2 BR Apartment): $1228 per month
- Average Rent (2 BR House): $1335 per month
In Traskwood, AR, the housing index stands at 86.4, reflecting a potential opportunity for prospective buyers. The median home price of 117000 suggests an affordable entry into the real estate market, particularly beneficial for first-time homebuyers. However, with the average rent for a 2-bedroom apartment and house both at 1228 and 1335, respectively, further analysis is needed to determine the rental landscape. It's crucial to consider local job markets, amenities, and future growth projections when deciding to relocate. This balance will help you make informed financial decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Traskwood, 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 Traskwood, 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 Traskwood is a financially viable option for your relocation.