Cost of living
Friendship, Arkansas
(Friendship is Located in Hot Spring County)
Cost of living in Friendship, Arkansas
Cost of living
compared to USA
the lowest
Cost of living
compared to Arkansas
low
Median household
income
moderate
Is it expensive to live in Friendship, Arkansas? When calculating the cost of living in Friendship, Arkansas we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.
The cost of living in Friendship, Arkansas is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Arkansas, while median household income in Friendship is $55,625 which is moderate Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Arkansas.
Taxes in Friendship, Arkansas
The sales tax rate in Friendship, Arkansas is 9.0%. Last year, the average property taxes paid was 0.6% Friendship, Arkansas.
Here is the table with the State Income Taxes in the state of Arkansas:
State Income Tax Brackets:
Income Brackets(single): | Income Brackets(Married): | Arkansas Income Tax Rate |
---|---|---|
$0 - $4,300 | $0 - $4,300 | 2.0% |
$4,300 - $8,500 | $4,300 - $8,500 | 4.0% |
>= $8,500 | >= $8,500 | 4.9% |
Housing costs in Friendship, Arkansas
The average cost of
a single-family home
compated to USA
low
The average cost of
a single-family home
compated to Arkansas
high
In Friendship, Arkansas, 88.0% of the population owns their homes, while approximately 12.0% rent. The average cost of a single-family home in Friendship, Arkansas in 2023 is $180,508 which is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Arkansas. The average one-bedroom apartment cost is approximately $[no data] per month.
Rental Size | Monthly Cost | Compared to Arkansas |
---|---|---|
1 Bedroom | $[no data] | [no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
2 Bedroom | $[no data] | [no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
3 Bedroom | $[no data] | [no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
4 Bedroom | $[no data] | [no data]Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest |
Utility Expenses for Occupied Housing Units per Month
Electric Bill
Gas Bill
Water and Sewer Bill
Expenses for Other House Heating Fuels
Mortgage status:
Housing units with a mortgage, contract to purchase, or similar debt 32%
Housing units without a mortgage 68%
Housing units without a mortgage 68%
Housing units with a mortgage, contract to purchase, or similar debt 32%
Housing units with multiple mortgages 0%
Housing units with no second mortgage and no home equity loan 100%
Home equity loan without a primary mortgage 0%
Mortgage, with only second mortgage 0%
Mortgage, with only home equity loan 0%
Mortgage with both second mortgage and home equity loan 0%
Gross rent as a percentage of household income in the past 12 months (dollars):
Year Structure Built
The dynamics of changes in housing prices
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