Bentonville, AR Cost of Living: A Detailed Overview

Are you considering a move to Bentonville, Arkansas? Or maybe you’re just curious about the cost of living in this charming town? Look no further! In this comprehensive guide, we’ll delve into the various aspects of Bentonville’s cost of living, providing you with the information you need to make an informed decision.

Real Estate Prices

One of the most significant factors to consider when evaluating the cost of living in any area is the real estate market. In Bentonville, the average home price is quite reasonable compared to other cities in the United States. According to Zillow, the median home value in Bentonville is approximately $325,000, which is lower than the national median of $356,000.

However, it’s essential to note that the real estate market in Bentonville has been experiencing steady growth, with prices rising by about 5% over the past year. This growth is attributed to the town’s thriving economy, which is driven by the presence of Walmart’s headquarters and the numerous tech companies that have set up shop in the area.

Monthly Rent

For those who prefer renting, Bentonville offers a variety of housing options at reasonable prices. The average rent for a one-bedroom apartment in Bentonville is around $1,000 per month, while a two-bedroom apartment can be found for approximately $1,200 per month. This is significantly lower than the national average rent for a one-bedroom apartment, which is around $1,400 per month.

It’s worth noting that rental prices can vary depending on the location and the amenities offered. For instance, apartments in the downtown area or near the Walmart campus tend to be more expensive due to their prime locations.

Food and Groceries

When it comes to food and groceries, Bentonville offers a wide range of options, from upscale restaurants to budget-friendly eateries. The cost of dining out in Bentonville is relatively affordable, with the average meal at a mid-range restaurant costing around $15 per person.

For groceries, the cost of living in Bentonville is also quite reasonable. The average cost of a gallon of milk is around $3.50, while a loaf of bread can be purchased for about $2.50. A basket of groceries for a family of four can be expected to cost around $100 per week.

Utilities

Utilities in Bentonville are also quite affordable. The average monthly utility bill for a single person is around $100, while a family of four can expect to pay approximately $150 per month. This includes electricity, water, and garbage services.

It’s worth noting that Bentonville has a mild climate, which can help reduce utility costs. During the winter months, heating costs are relatively low, and during the summer, air conditioning costs are manageable due to the town’s moderate temperatures.

Transportation

Transportation costs in Bentonville are also quite reasonable. The average cost of gasoline is around $2.50 per gallon, which is slightly lower than the national average. Public transportation options in Bentonville are limited, but the town is well-served by major highways and interstates, making it easy to travel to nearby cities like Fayetteville and Springdale.

For those who rely on public transportation, the Bentonville Area Regional Transportation Authority (BARTA) offers bus service throughout the town. A monthly bus pass costs around $40, which can be a cost-effective option for those who use public transportation regularly.

Healthcare

Healthcare costs in Bentonville are comparable to the national average. The average cost of a doctor’s visit is around $100, while a visit to the emergency room can cost anywhere from $200 to $1,000, depending on the severity of the condition.

Bentonville is home to several hospitals and medical facilities, including Northwest Arkansas Medical Center and Mercy Hospital Northwest. These facilities offer a wide range of services, from primary care to specialized treatments.

Conclusion

In conclusion, Bentonville, AR offers a cost of living that is quite reasonable compared to other cities in the United States. With affordable housing, dining, and utilities, as well as a thriving economy and a variety of amenities, Bentonville is an excellent place to live, work, and raise a family.

While there are some costs to consider, such as healthcare and transportation, the overall cost of living in Bentonville is well within reach for most people. If you’re looking for a place where you can enjoy a high quality of life without breaking the bank, Bentonville may be the perfect destination for you