Cost of Living in Trumann, AR
Housing
The housing market plays a significant role in determining the cost of living in Trumann, AR.
- Housing Index: 86.4 / 100
- Median Home Price is: $115,000
- Average Rent (2 BR Apartment): $1228 per month
- Average Rent (2 BR House): $1335 per month
When considering a move to Trumann, AR, with a population of , the demographic landscape reveals some insights. The median age of residents is , suggesting a mature community. A median income of indicates a modest economic environment, complemented by a poverty level of %. With married families constituting % of households, there is a solid family presence. Lastly, an unemployment rate of % points to stable job opportunities. Overall, while Trumann has some economic challenges, it fosters a close-knit community atmosphere.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Trumann, 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 Trumann, 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 Trumann is a financially viable option for your relocation.