Little Rock and Fayetteville — good and affordable | Arkansas Blog

Sunday, May 15, 2016

Little Rock and Fayetteville — good and affordable

Posted By on Sun, May 15, 2016 at 7:45 AM

GOOD AND AFFORDABLE: Fayetteville ranks No. 1. - WIKIPEDIA
  • Wikipedia
  • GOOD AND AFFORDABLE: Fayetteville ranks No. 1.
Here's another one of those rankings, this time with some good news for Arkansas, particularly Fayetteville and Little Rock.

U.S. News evaluated its list of the 100 best places to live in the United States and came up with the top 20 most affordable "best" cities. Results:

No. 1: Fayetteville.

Best Places to Live 2016 Ranking: 3

Metro Population: 483,396

Median Home Price: $177,200

Average Household Salary: $42,410

Income Spent on Living Expenses: 23.86 percent

Like Des Moines, the most affordable place to live is also seeing a steady influx of new residents, as Fayetteville grew by 4.76 percent due to net migration between 2010 and 2014. As the fastest growing city in Arkansas, Fayetteville has a higher median home price than other metro areas on the list while still lower than the national average. But with low rent and cost of utilities, the average individual spends less than 24 percent of their income on housing costs.

No. 4: Little Rock

Best Places to Live 2016 Ranking: 32

Metro Population: 716,849

Median Home Price: $147,750

Average Household Salary: $42,020

Income Spent on Living Expenses: 27.21 percent

Little Rock scores highest in the overall Best Places to Live ranking for value, but it also does fairly well in categories like Desirability, Job Market and Net Migration. Area residents pay only about 27 percent of their average annual income toward living expenses. The real estate market in the capital of Arkansas remains much lower than the national median home price of $218,867, and the gap continues to widen, with Little Rock's median home price at just $147,750.
Is it only coincidence that these high-ranking Arkansas cities tend to depart from the state trend on political leanings?

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