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Affordable Living in Arkansas: Exploring Cities and Costs

Cost of Living in Arkansas

Are you considering moving to Arkansas? That’s a great choice! Arkansas boasts some of the most beautiful natural scenery in the country, from Hot Springs National Park to the Ozark Mountains.

However, before making the move, it’s important to consider the cost of living. Here, we’ll take a closer look at the cost of living index and the most expensive places in Arkansas to raise a family.

Cost of Living Index

The cost of living index measures the amount of money needed to sustain a certain standard of living in a particular area. A score of 100 means that the area is on par with the national average, while a score above 100 means that the area is more expensive than the national average.

According to the data from BestPlaces, the cost of living index in Arkansas is 84.8, which is lower than the national average of 100. However, this varies depending on the city or town in Arkansas.

Expensive Places to Raise a Family

Based on the data from BestPlaces, we’ve found some of the most expensive places to raise a family in Arkansas. These towns have a cost of living index higher than the state average.

1.

Bentonville –

Bentonville has a cost of living index of 103.6, which is 22% higher than the state average.

Housing and transportation are the most expensive in this town. 2.

Fayetteville –

Fayetteville has a cost of living index of 95.7, which is 13% higher than the state average. Housing and healthcare are the most expensive in this town.

3. Rogers – Rogers has a cost of living index of 97.5, which is 15% higher than the state average.

Housing and healthcare are the most expensive in this town. It’s important to note that despite being more expensive than the state average, these towns still have a lower cost of living index than most cities in the United States.

Arkansas is still an affordable place to live compared to many other states.

Determining Affordability Based on Basic Necessities

When considering the affordability of living in Arkansas, it’s essential to take into account the cost of basic necessities such as housing, food, gas, health insurance, utilities, and transportation. Here’s a closer look at each category:

Housing – The median home price in Arkansas is $137,100, which is lower than the national average of $231,200.

However, the cost of renting an apartment is comparable to the national average. Food – The cost of food in Arkansas is slightly higher than the national average.

However, the cost of groceries and dining out varies depending on the town or city. Gas – The cost of gas in Arkansas is lower than the national average.

Health Insurance – The cost of health insurance varies depending on the provider and the plan. However, Arkansas has a lower average monthly premium than the national average.

Utilities – The cost of utilities in Arkansas is lower than the national average. Transportation – The cost of transportation in Arkansas is lower than the national average.

Hot Springs Village

If you’re looking for a retirement community in Arkansas,

Hot Springs Village is an excellent choice. This gated community is located in the Ouachita Mountains and offers a wide range of amenities for its residents, including 11 recreational lakes, 9 golf courses, and over 30 miles of trails for hiking and biking.

Population and Housing Cost Index

According to BestPlaces, the population of

Hot Springs Village is 14,191, with a median age of 67. The housing cost index in the community is 92.8, which is lower than the state average.

Grocery and Healthcare Cost Index

The cost of living in

Hot Springs Village is lower than the state average for both groceries and healthcare. The grocery cost index is 88.7, and the healthcare cost index is 100.1.

Final Thoughts

Living in Arkansas is affordable compared to many other states in the United States. While some towns may be more expensive than others, the overall cost of living in Arkansas is lower than the national average.

Hot Springs Village is an excellent option for those looking for a retirement community with a lower cost of living. Looking to move to Arkansas but having trouble deciding which town to settle in?

In this article, we’ll take a closer look at two towns in Arkansas –

Maumelle and

Bella Vista. We’ll examine the cost of living in each town and provide information on the population, housing cost index, grocery cost index, and healthcare cost index.

Maumelle

Located just outside of

Little Rock,

Maumelle is a popular town for families. It’s known for its excellent schools, beautiful green spaces, and friendly community.

Population and Housing Cost Index

According to BestPlaces, the population of

Maumelle is 18,245. The median age is 38.1, which is slightly younger than the state average.

The housing cost index in

Maumelle is 100.7, which is just above the state average.

Grocery and Healthcare Cost Index

The cost of living in

Maumelle is slightly higher than the state average. However, the grocery cost index is 91.6, which is below the national average.

The healthcare cost index is 99.1, which is just below the national average. With a below-average grocery cost index and a healthcare cost index slightly below the national average,

Maumelle is a great option for those looking for an affordable town with access to healthcare.

Bella Vista

Located in the northwest corner of Arkansas,

Bella Vista is nestled in the foothills of the Ozark Mountains, offering stunning natural scenery and outdoor recreation opportunities.

Population and Housing Cost Index

According to BestPlaces, the population of

Bella Vista is 27,970, with a median age of 51.5. The housing cost index in

Bella Vista is 95.2, which is slightly lower than the state average.

Grocery and Healthcare Cost Index

The cost of living in

Bella Vista is slightly lower than the state average. The grocery cost index is 90.8, which is below the national average.

The healthcare cost index is 97.3, which is well below the national average. With below-average grocery and healthcare cost indexes,

Bella Vista is an excellent choice for those who want to live in a scenic town without breaking the bank.

Final Thoughts

Both

Maumelle and

Bella Vista are excellent options for those looking to move to Arkansas. While

Maumelle has a higher housing cost index, it makes up for it with a slightly lower healthcare cost index.

Bella Vista has a lower housing cost index and an even lower healthcare cost index. Both towns have below-average grocery cost indexes, making them a great option for those who want to save money on food.

Ultimately, the choice of which town to live in will depend on individual preferences and lifestyle. Arkansas is a beautiful state to live in.

Whether you prefer the laid-back atmosphere of small towns or the hustle and bustle of cities, there’s a place for everyone. In this article, we’ll take a closer look at two of the most popular cities in Arkansas:

Little Rock and

Fayetteville.

We’ll examine the cost of living in each city, as well as the population, housing cost index, grocery cost index, and healthcare cost index.

Little Rock

As the state capital of Arkansas,

Little Rock is a bustling city with a rich history. Its strategic location along the Arkansas River has long made it an important transportation hub as well as a center for commerce and government.

Population and Housing Cost Index

According to BestPlaces, the population of

Little Rock is 199,430. The median age is 36.2, which is younger than the state average.

The housing cost index in

Little Rock is 82.7, which means that it’s below the national average.

Grocery and Healthcare Cost Index

The cost of living in

Little Rock is below the national average. The grocery cost index is 91.9, which is also below the national average.

The healthcare cost index is 94.7, which is well below the national average. With a below-average grocery and healthcare cost index,

Little Rock is a great choice for those looking for a city with affordable healthcare and food costs.

Fayetteville

Home to the University of Arkansas,

Fayetteville is a lively city with a thriving arts scene and a strong college culture. It’s the third-largest city in Arkansas and is located in the Ozark Mountains.

Population and Housing Cost Index

According to BestPlaces, the population of

Fayetteville is 85,257. The median age is 28.5, which is much younger than the state average.

The housing cost index in

Fayetteville is 95.7, which means that it’s slightly above the national average.

Grocery and Healthcare Cost Index

The cost of living in

Fayetteville is above the state average but below the national average. The grocery cost index is 93.5, which is below the national average.

The healthcare cost index is 92.8, which is well below the national average. With below-average grocery and healthcare cost indexes and a moderate housing cost index,

Fayetteville is a great choice for young professionals and students who want to live in a vibrant city.

Final Thoughts

Overall, both

Little Rock and

Fayetteville are great cities to live in. While

Little Rock has a lower housing cost index and excellent healthcare affordability,

Fayetteville boasts below-average grocery and healthcare cost indexes and a young demographic population.

Ultimately, the choice of which city to live in will depend on personal preferences and lifestyle. Continuing our exploration of Arkansas cities, in this article, we’ll take a closer look at two more towns-

Bryant and

Farmington.

We will examine the cost of living in each town, population, housing cost index, grocery cost index, and healthcare cost index.

Bryant

Located in Saline County, just a 20-minute drive from

Little Rock,

Bryant is a growing city with an excellent school system and a thriving business community.

Population and Housing Cost Index

According to BestPlaces, the population of

Bryant is 21,430. The median age is 36.1, which is younger than the state average.

The housing cost index in

Bryant is 109.4, which means that it’s above the national average.

Grocery and Healthcare Cost Index

The cost of living in

Bryant is slightly above the national average. The grocery cost index is 100.4 which is also in line with the national average.

The healthcare cost index is 97.2, which is below the national average. Despite the higher housing cost index,

Bryant is an excellent choice for those looking for proximity to

Little Rock and high-quality healthcare at a more affordable rate.

Farmington

Located in northwest Arkansas,

Farmington is a fast-growing city known for its excellent schools, affordable housing, and proximity to outdoor recreation.

Population and Housing Cost Index

According to BestPlaces, the population of

Farmington is 7,570. The median age is 30.9, which is much younger than the state average.

The housing cost index in

Farmington is 87.9, which is below the state average.

Grocery and Healthcare Cost Index

The cost of living in

Farmington is below the national average. The grocery cost index is 87.4, which is also below the national average.

The healthcare cost index is 93.3, which means that it’s well below the national average. With below-average grocery and healthcare cost indices and a moderate housing cost index,

Farmington is an excellent choice for young families and professionals looking for an affordable yet growing town.

Final Thoughts

Both

Bryant and

Farmington are excellent choices for those looking to live in Arkansas. While

Bryant has a higher housing cost index, it makes up for it with a more affordable healthcare cost index.

Farmington, on the other hand, has a below-average cost of living across the board, making it a great option for those who want to stretch their money further. Ultimately the choice of which town to live in will depend on individual preferences and lifestyle.

As we continue our exploration of Arkansas cities, let’s shift our focus to

Conway and

Bentonville. These two cities offer unique experiences and opportunities for residents.

In this article, we’ll delve into the cost of living, population, housing cost index, grocery cost index, and healthcare cost index of these cities.

Conway

Nestled in the heart of Arkansas,

Conway is renowned for its vibrant community and educational institutions. Home to the University of Central Arkansas, this city attracts a diverse population.

Population and Housing Cost Index

According to BestPlaces,

Conway has a population of approximately 66,317. The city has a median age of 28.7, which indicates a relatively young demographic.

In terms of housing, the cost of living index in

Conway is 91.3, making it slightly below the national average.

Grocery and Healthcare Cost Index

Conway offers affordability in terms of groceries and healthcare. The grocery cost index is 94.7, which is below the national average.

Similarly, the healthcare cost index is 87.8, indicating that healthcare expenses in

Conway are relatively lower than the national average. These factors contribute to

Conway’s appeal as an affordable and well-rounded city.

Bentonville

Situated in the northwest corner of Arkansas,

Bentonville has gained global recognition as the headquarters of Walmart. However, this city offers much more than just corporate influence.

Population and Housing Cost Index

Bentonville is a growing city with a population of approximately 55,300. The median age is 34.8, indicating a relatively youthful population.

As for housing, the cost of living index in

Bentonville is 108.7, signifying an above-average housing cost index.

Grocery and Healthcare Cost Index

While the housing cost index in

Bentonville is higher, it is offset by more affordable grocery and healthcare expenses. The grocery cost index stands at 88.3, below the national average, making it an ideal city for budget-conscious individuals.

Additionally, the healthcare cost index is 92.6, indicating lower healthcare costs compared to the national average. These factors emphasize

Bentonville’s appeal as an attractive city for those seeking a balanced cost of living.

Final Thoughts

Conway and

Bentonville offer unique experiences in Arkansas.

Conway appeals to those who seek a lively college town with affordable grocery and healthcare expenses.

On the other hand,

Bentonville caters to individuals desiring a city with corporate influence, yet with lower grocery and healthcare costs compared to the national average. Ultimately, the choice between these two cities will depend on individual preferences and lifestyle.

Continuing our journey through Arkansas, let’s turn our attention to the appealing city of Sherwood. Known for its strong sense of community and convenient location, Sherwood offers residents a high quality of life.

In this article, we’ll delve into the population, housing cost index, grocery cost index, and healthcare cost index of Sherwood.

Population and Housing Cost Index

As of the latest data, Sherwood boasts a population of around 31,081 residents. The city features a diverse mix of ages, with a median age of 39.8. Sherwood’s population size allows for a close-knit community feel while still offering a range of amenities and opportunities.

When it comes to the cost of housing, Sherwood maintains an index of 98.2. This figure indicates that overall housing costs fall just below the national average. Affordable and accessible housing options make Sherwood an attractive choice for individuals and families seeking a comfortable and affordable living arrangement.

Grocery and Healthcare Cost Index

Sherwood provides its residents with reasonable grocery and healthcare costs. The grocery cost index stands at 92.1, demonstrating that the prices of grocery items in Sherwood are below the national average.

This affordability factor allows residents to stretch their budget while enjoying a variety of food options and healthy choices. Additionally, the healthcare cost index in Sherwood is recorded at 93.7, indicating lower healthcare expenses compared to the national average.

Access to quality healthcare services is crucial for every community, and Sherwood’s healthcare cost index reflects its commitment to making healthcare more affordable for its residents. The combination of quality healthcare services and lower costs fosters a healthier and more secure environment for individuals and families calling Sherwood home.

Final Thoughts

Sherwood, with its close-knit community, convenient location, and affordable cost of living, is an attractive destination for individuals and families looking to settle in Arkansas. The city’s population, median age, housing cost index, grocery cost index, and healthcare cost index all contribute to Sherwood’s appeal as a desirable place to live.

Whether you’re seeking a thriving community, affordable housing options, budget-friendly grocery expenses, or accessible healthcare services, Sherwood has something to offer. The city’s commitment to affordability and maintaining a high quality of life ensures that residents can enjoy all that Sherwood and the surrounding area have to offer.

In conclusion, exploring the cost of living in various cities across Arkansas offers valuable insights for individuals and families seeking the perfect place to call home. From the vibrant city of

Little Rock to the college town of

Fayetteville, each city has its own unique blend of population demographics, housing costs, grocery expenses, and healthcare affordability.

Whether it’s the affordable grocery and healthcare costs in Sherwood or the youthful energy and affordable housing in

Conway, Arkansas presents a range of options to suit different preferences and lifestyles. Proximity to amenities, access to quality healthcare, and affordability are key factors to consider when making a decision.

By understanding the cost of living in different cities, individuals can make informed choices that align with their budget, needs, and desires, ultimately leading to a happier and more fulfilling life in Arkansas.

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