Housing costs in Little Rock?
A typical home costs
$246,300, which is 27.2% less expensive than the national average of
$338,100 and 35.5% more expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Little Rock costs
$1,000 per month, which is 19.0% more than the national average of
$840 and 8.0% more than the state average of
$920.
Can I afford Little Rock?
To live comfortably in Little Rock (zip 72227), Arkansas, a minimum annual income of
$47,160 for a family, and
$35,200 for a single person is recommended.
What does A.I. say about Little Rock?
The cost of living in 72227 Little Rock, AR is quite reasonable compared to many other cities. Property taxes are relatively low, with a median real estate tax rate of 0.54%, one of the lowest in Arkansas. Additionally, the cost of housing in Little Rock is well below the national average and is slightly less than in surrounding cities. The cost of groceries, healthcare, transportation, and utilities are all fairly low as well. All things considered, 72227 Little Rock is a great choice for anyone looking for an affordable city to live in!