Cost of living in Conway
Conway, Arkansas, is a vibrant city known for its educational institutions and growing economy. Understanding the cost of living here is crucial for potential residents and those considering relocation.
This guide provides a detailed breakdown of expenses in Conway, including housing, transportation, groceries, and more, to help you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $15 on average, with a range between $10.5 and $30.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $47.5, with prices ranging from $30 to $62.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $8.5.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $3.5 to $6, imported beer $5 to $7, cappuccino $2.59 to $5, and Coke/Pepsi $2 to $3.
Grocery Prices
- Milk - Milk is priced between $0.71 and $1.27 per liter, averaging $0.98.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.86 and $4.41, with an average price of $2.91.
- Eggs (Dozen) - A dozen eggs range from $1.6 to $5.04, averaging $3.34.
- Fruits (e.g., Apples, Oranges) - Apples cost $4.01 to $6.13 per kg, while oranges range from $2.43 to $4.41 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.88 and $3.31 per kg, and lettuce costs $1 to $3 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs $1.35.
- Fuel (Gasoline) - Gasoline is priced between $0.71 and $0.86 per liter.
- Taxi Fares - Taxi fares start at $3, with a cost of $1.24 to $1.43 per km and $24 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre averages $750.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $675.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre averages $1000.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent averages $1300.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre averages $1604.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter averages $1604.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $173.84 and $300, averaging $225.85.
- Internet - Internet services range from $65 to $85, with an average cost of $75.63.
Cost of Living Rankings
The cost of living indices for the United States are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in United States, covering factors like consumer goods, rent, and purchasing power.
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"Key Takeaways"
Conway offers a relatively affordable cost of living compared to larger cities, with moderate housing and utility costs.
Dining out is reasonably priced, and grocery costs are competitive, making it a budget-friendly option for families and individuals.
Transportation costs are low, with affordable public transport and fuel prices, although car ownership might be necessary for convenience.
Conclusion
In conclusion, Conway, AR, presents a balanced cost of living with affordable housing, dining, and transportation options.
It is an attractive location for those seeking a cost-effective lifestyle without sacrificing quality of life, making it ideal for families, students, and professionals alike.