The Cost of Living is Low Compared to the rest of the country, the price for food, fuel, and fun is quite affordable. The median home cost in Little Rock is $143,000. If you’re coming from the west or the northeast, you may be blown away.
Is Little Rock Arkansas affordable?
Little Rock has an affordability index of 1 out of 10, meaning the metro area is one of the more affordable places to own a home in the U.S.
How much does it cost to live in Little Rock?
Summary about cost of living in Little Rock: Four-person family monthly costs: $2,570 without rent (using our estimator). A single person monthly costs: $742 without rent. Cost of living index in Little Rock is 40.35% lower than in New York.
Is Little Rock Arkansas good place to live?
LITTLE ROCK, Ark. – Little Rock has been ranked as one of the best places to live in the United States. According to U.S. News and World Report, the capital city ranked 93 of 150 metro areas based on quality of life and the job market, along with value of living and people’s desire to live there.
Is Little Rock expensive?
Cost of Living in Little Rock, Arkansas by Expense Category
Little Rock’s housing expenses are 11% lower than the national average and the utility prices are 4% lower than the national average. Transportation expenses like bus fares and gas prices are 2% lower than the national average.
Is it cheaper to live in Texas or Arkansas?
Arkansas is 2.6% cheaper than Texas.
Why are houses in Arkansas so cheap?
Low demand to live in Arkansas (for whatever the reason, low job growth, now a desirable place to live, etc) causes low movement of inventory, which would cause low pricing (in order to move inventory quicker.
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
Is Arkansas expensive to live in?
Living in Arkansas is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 14.7% less than they do on average nationwide. Compared with all other states, Arkansas has the lowest overall cost of living.
How much is a gallon of milk in Arkansas?
$2.99
However, depending upon where you live, the cost can fluctuate dramatically. According to the USDA, the average gallon of whole milk is $3.59 a gallon.
Average Price Of Milk In Every State.
| State | Cost |
|---|---|
| Alabama | $3.75 |
| Alaska | $3.78 |
| Arizona | $1.98 |
| Arkansas | $2.99 |
What is the cheapest place to live in Arkansas?
2021 Most Affordable Cities in Arkansas
- Forrest City.
- Helena.
- West Memphis.
- El Dorado.
- Blytheville.
- Harrison.
- Hope.
- Russellville.
What percentage of Little Rock is black?
40.89%
Little Rock Demographics
White: 49.92% Black or African American: 40.89% Asian: 3.11% Two or more races: 2.84%
What should I know before moving to Little Rock?
10 Things to Know Before Moving to Little Rock, Arkansas
- The Food is Fantastic.
- The Cost of Living is Low.
- The People Are Friendly.
- Public Transportation is Limited.
- The River Market is Hoppin’
- It’s Close to Many Big Cities.
- There Are Several Attractive Attractions.
- Plenty of Hiking Options.
What is a good salary in Arkansas?
$21.65 is the 25th percentile. Wages below this are outliers. $43.74 is the 90th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Average Jobs in Arkansas.
| City | Fort Smith |
|---|---|
| Annual Salary | $55,715 |
| Monthly Pay | $4,643 |
| Weekly Pay | $1,071 |
| Hourly Wage | $26.79 |
How much is a gallon of milk in Little Rock Arkansas?
Little Rock is 36.68% less expensive than New York (without rent).
Cost of Living in Little Rock.
| Restaurants | Edit |
|---|---|
| Milk (regular), (1 gallon) | 3.47$ |
| Loaf of Fresh White Bread (1 lb) | 2.21$ |
| Rice (white), (1 lb) | 0.97$ |
| Eggs (regular) (12) | 2.29$ |
How much do you need to live comfortably in Arkansas?
A cost of living index above 100 means Arkansas, Arkansas is more expensive.
Arkansas cost of living is 79.0.
| COST OF LIVING | Arkansas | United States |
|---|---|---|
| Grocery | 92.7 | 100 |
| Health | 86.5 | 100 |
| Housing | 55.7 | 100 |
| Median Home Cost | $145,300 | $291,700 |
What is the best state to live in financially?
The five best states for your personal finances in 2022 are (No. 1 being best): Tennessee.
- New Jersey.
- Hawaii.
- Connecticut.
- Alaska.
- Illinois.
What state has highest cost of living?
Hawaii
Hawaii. Hawaii is the most expensive state to live in the United States. With a cost of living index of 193.3, the cost of living in Hawaii is nearly twice the national average.
Is it cheaper to live in Arkansas or Tennessee?
Although both states are affordable, Arkansas is cheaper to live in than Tennessee by 8.6%.
Is moving to Arkansas a good idea?
Moving to Arkansas? Good move: The Natural State is one of the best places to relocate thanks to a low cost of living and a high quality of life that includes plenty of outdoor recreation, employment opportunities, a strong arts scene and more. The people who come here tend to love it and end up staying a long time.
Why is everyone moving from Arkansas?
Trends show that people have been fleeing the hectic pace of major U.S. cities in search of greater work-life balance, more flexibility and other opportunities—and the numbers have been skyrocketing during the coronavirus pandemic. Arkansas was recently ranked the sixth most popular state to move to right now.