The cost of living is lower in most of Arkansas. The places that have the “cheapest” houses probably are also more rural, have fewer amenities and less infrastructure. If you buy a house in NWA or LR it wouldn’t be considered “cheap” unless you are comparing it to prices in California or the NYC area.
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Why is Arkansas real estate so cheap?
Houses in Arkansas are cheaper because the purchasing power of Arkansans is low. Indeed, wages are low in Arkansas, making homes are extremely cheap. The median home cost in Arkansas is $145,300, which is 50% lower than the national average, with a median home cost of $291,700.
What is bad about living in Arkansas?
Arkansas has a higher degree of crime in general than the rest of the country.The violent crime rate in Arkansas stands at about 6 crimes per 1,000 residents. The chance of becoming a victim of violent crime in Arkansas is 1 in 180. Property crimes are the most prevalent forms of crime in Arkansas.
Are houses expensive in Arkansas?
Arkansas’ Buyer-Friendly Housing Market
Zillow reported that the median price of homes sold is $156,800, with the median list price per square foot at $101. The median rent price is $1,005. Arkansas is in the top 10 for lowest property taxes with an effective property tax rate of only 0.63%.
Is Arkansas a good place to retire?
Arkansas is one of only 13 states where residents can retire and live comfortably while spending less than $1 million. This is due to the state’s low cost of living and low life expectancy.
How expensive is it to live 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 |
|---|---|---|
| Overall | 79 | 100 |
| Grocery | 92.7 | 100 |
| Health | 86.5 | 100 |
| Housing | 55.7 | 100 |
Is moving to Arkansas a good idea?
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.
What should I know before moving to Arkansas?
Moving To Arkansas: 22 Things You Need To Know First
- Arkansans Are Obsessed With The Hogs.
- Float Trips Down The River Are Better Than Any Pool Day.
- Rotary Tillers Move A Bit Faster Here.
- The Boggy Creek Monster Is Always Watching.
- You Might Have To Buy A Gun To Fit In.
- The Nature Here Is Super Underrated.
Is Arkansas a friendly state?
Arkansas is a friendly state if – and emphasis on if – you’re local. While that’s all well and good for Arkansas residents and their good neighbourly vibes, it can mean that visitors might feel like they don’t quite fit in and are unwelcome.
What state has the lowest cost of living?
States with the Lowest Cost of Living
- Mississippi. Mississippi has the lowest cost out of living of all 50 states.
- Oklahoma. Oklahoma has the second-lowest cost of living in the United States.
- Arkansas. The state with the third-lowest cost of living in Arkansas.
- Kansas.
- Missouri.
- Georgia.
- Alabama.
- New Mexico.
Where is the lowest cost of living in the US?
Here are the 10 most affordable states in the U.S.:
- Indiana. Average cost of living index: 90.57.
- Michigan. Average cost of living index: 90.40.
- Missouri. Average cost of living index: 89.75.
- Tennessee. Average cost of living index: 89.49.
- Georgia. Average cost of living index: 89.30.
- Arkansas.
- Alabama.
- Oklahoma.
Who owns the most expensive house in Arkansas?
The Most Expensive Home in Arkansas is This $10.9M Palace
- Compiling a list of the largest home in each state would make for an interesting envy-read.
- Owned by Kenny King, this 18,367-square-foot estate is situated on 20 prime Natural State acres, near Fort Smith.
Does Arkansas have a lot of tornadoes?
The state has averaged 33 twisters a year for the past 70 years, Condry said. However, that number increases to an average of 45 per year when tallying the last 10 years alone. Last year, Arkansas recorded 45 tornadoes.
Where is the best place to raise a family in Arkansas?
- Cave Springs. Suburb in Arkansas. Rating 4.14 out of 5 7 reviews.
- Bentonville. Town in Arkansas.
- Capital View/Stiff. Neighborhood in Little Rock, AR.
- Hillcrest. Neighborhood in Little Rock, AR.
- Johnson. Suburb in Arkansas.
- Centerton. Suburb in Arkansas.
- Heights. Neighborhood in Little Rock, AR.
- Greenwood. Town in Arkansas.
What climate is Arkansas?
The climate of Arkansas is classified as “humid subtropical.” Generally, there is a significant amount of precipitation in every month, and temperatures tend to be mild compared with the northern part of the country. Both temperatures and precipitation decrease from south to north.
Are Arkansas winters bad?
What is winter in Arkansas like? Winters in Arkansas are generally mild, with an average high temperature in the 50s and lows occasionally dipping into freezing, or below 32 degrees, at night. Typically, the coldest month in Arkansas is January, when the overnight low is usually around 30 degrees in many places.
What is a good salary in Arkansas?
$20.97 is the 25th percentile. Wages below this are outliers. $31.35 is the 75th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Average Jobs in Arkansas.
| City | North Little Rock |
|---|---|
| Annual Salary | $57,966 |
| Monthly Pay | $4,830 |
| Weekly Pay | $1,115 |
| Hourly Wage | $27.87 |
Is it cheaper to live in Arkansas or Mississippi?
Although Mississippi is dubbed the cheapest state to live in overall, Arkansas residents spend the least on housing, the analysis revealed.
Does Arkansas have good healthcare?
Arkansas’s overall national ranking in The Commonwealth Fund’s annual Scorecard on State Health Care System Performance remains unchanged from last year at 42nd out of the 50 states and the District of Columbia, the organization said in a news release Friday, Sept. 11.
What part of Arkansas is in Tornado Alley?
Since 1950, counties with 35 or more tornadoes are mostly clustered along Interstate 30 and U.S. Highway 67/167. This includes areas from Arkadelphia (Clark County) to Little Rock (Pulaski County) and Jonesboro (Craighead County). Tornado deaths are highest in this part of the state as well.
What is Arkansas known for?
Arkansas Facts. Arkansas is known for its lakes, rivers, and hot springs, extreme weather and frequent storms, rice and poultry production, and the only active diamond mine in the United States.
