Cost of living in Little Rock
Little Rock, the capital city of Arkansas, offers a unique blend of southern charm and urban living. Understanding the cost of living in Little Rock is crucial for anyone considering relocating or planning a visit.
This guide provides a detailed breakdown of expenses in key areas such as dining, groceries, transportation, housing, and utilities, helping you make informed financial decisions.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $20 on average, with a range between $15 and $28.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $60, with prices ranging from $50 to $100.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $10.75, with a range between $10 and $11.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5 to $7, imported beer $5 to $8, cappuccino $3.5 to $7, and Coke/Pepsi $2 to $4.
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 $1.09 and $4.41, with an average price of $2.91.
- Eggs (Dozen) - A dozen eggs range from $1.89 to $3, averaging $2.83.
- Fruits (e.g., Apples, Oranges) - Apples cost $2.2 to $11.02 per kg, while oranges range from $2.18 to $13.23 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $0.88 and $6.61 per kg, and lettuce costs $1 to $3 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $1.35 and $2, with a monthly pass priced at $36.
- Fuel (Gasoline) - Gasoline is priced between $0.7 and $0.86 per liter.
- Taxi Fares - Taxi fares start at $2.5, with a cost of $1.24 to $1.5 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 ranges from $750 to $1800, averaging $1200.5.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $800 to $1500, averaging $954.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1400 to $2430, averaging $1700.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1200 to $1980, averaging $1262.5.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $1313.2 to $9687.52, averaging $1371.36.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $1313.2 to $7534.74, averaging $1371.36.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $173.84 and $450, averaging $225.85.
- Internet - Internet services range from $50 to $86, with an average cost of $65.76.
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.
Cost of Living Data
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"Key Takeaways"
Little Rock offers a relatively affordable cost of living compared to larger metropolitan areas. Dining out is reasonably priced, with a variety of options available.
Grocery prices are moderate, with some fluctuation in the cost of fresh produce. Transportation is economical, especially for those using public transit.
Housing costs vary significantly depending on location, with more affordable options available outside the city centre. Utilities and internet services are competitively priced.
Conclusion
In conclusion, Little Rock provides a balanced cost of living that caters to a range of budgets. The city offers affordable dining and transportation options, making it an attractive place for both residents and newcomers.
While housing prices can vary, the availability of diverse options ensures that individuals can find accommodations that suit their financial needs. Overall, Little Rock is a city that combines affordability with a high quality of life.