Housing costs in Hermitage?
A typical home costs
$93,700, which is 72.3% less expensive than the national average of
$338,100 and 48.5% less expensive than the average Arkansas home, at
$181,800. Renting a two-bedroom unit in Hermitage costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 12.0% cheaper than the state average of
$840.
Can I afford Hermitage?
To live comfortably in Hermitage, Arkansas, a minimum annual income of
$18,000 for a family, and
$23,600 for a single person is recommended.
What does A.I. say about Hermitage?
The cost of living in Hermitage, AR is relatively low compared to the rest of the state. The median home value is $77,700, which is significantly lower than the state median of $129,400. In addition, groceries and utilities are roughly 12% cheaper than they are elsewhere in Arkansas. This makes Hermitage an attractive option for those looking for a lower cost of living without sacrificing quality of life. With its tight-knit community and abundance of outdoor recreation opportunities, Hermitage is a great place to call home.