Cost Of Living
The overall cost of living in this area is much lower than average. This includes everyday goods and services, as well as housing, utilities and health care.
Housing
This area has received high scores in the housing category. This could be due to a positive home affordability ratio, high appreciation rates or elevated home values.
Amenities
A majority of amenities are not ideally situated within a reasonable walking distance, which may lead residents to rely on a vehicle or public transportation.
Commute
Public transportation is not readily available in this area and the average commute time to work could also be longer than the national average.
Crime
This area is reporting high crime rates per 100,000 people and could signify that it is a dangerous place to live. Crime rates include both violent and property crimes.
Employment
A low score in the employment category could indicate that this area struggles with high unemployment rates and low household income and income per capita levels.
Schools
Lower than average education levels, poor reading and math scores, as well as the inaccessibility of local elementary and high schools could all be factors in the low schools score.
Bald Knob, Arkansas is a small-sized city with a population of 2,868 people. If we take a look at the last Census, the vast majority of the population falls within one racial group (92% White). Given that fact, Bald Knob could be considered less diverse than other cities. If you are not a fan of long commutes, you will enjoy living in Bald Knob. With an average one way commute time of only 21 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
Without the right tools, relocating to any new town can be very stressful and challenging. Living in Bald Knob, Arkansas could be a positive experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. Finding the best places to live in Bald Knob and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes crime, commute, education, employment, housing and other important metrics.
Using data and statistics Bald Knob has received a livability score of 61/100. This score is ranked in the 48th percentile when compared to all other cities. If we dig down a little deeper into each category within the livability score, we see that Bald Knob has higher than average grades for the following: housing (A+). On a less positive note, Bald Knob does not have favorable grades for the following: amenities (F), crime (D), education (D) and employment (F). If we take a look at the data, we can find out why.
In today's ever-changing economic climate, pursuing a cost-effective lifestyle takes on heightened importance, particularly with the continual increase in prices for everyday necessities. When living in Bald Knob, residents are privileged to experience a cost of living that stands 25.1% below the national average. This advantageous position has a far-reaching impact, spanning a wide array of expenditures, encompassing not just goods and services, but also housing, groceries, and transportation costs. As a result, this area emerges as a central hub where your financial resources yield greater value, allowing for the maintenance of an economically sustainable lifestyle. This affordability holds exceptional significance in an era characterized by mounting expenses, making Bald Knob an attractive destination for individuals seeking financial prudence without compromising their quality of life.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Bald Knob has an unemployment rate of 2.6% could mean increased job opportunities with a higher demand for workers. It could also lead to higher wages, as the demand for workers exceeds the availability of jobs. Most importantly, it could be a sign of a healthy and thriving local economy.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Bald Knob excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Bald Knob meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Bald Knob. Everything else becomes a lot less important if it turns out that home prices in Bald Knob are simply unattainable. The median home price for Bald Knob homes is $130,100, which is 13.4% higher than the Arkansas average. If we take a closer look at the affordability of homes in Bald Knob, we’ll see that the home price to income ratio is 4.1, which is 51.9% higher than the Arkansas average.
| Statistic | Bald Knob | Arkansas | National |
| Average one way commute | 21min | 22min | 26min |
| Workers who drive to work | 80.7% | 82.7% | 76.4% |
| Workers who carpool | 17.4% | 10.8% | 9.3% |
| Workers who take public transit | 0.0% | 0.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 0.6% | 1.7% | 2.8% |
| Working from home | 1.2% | 3.2% | 4.6% |
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