Living in Little Rock, AR
Little Rock, Arkansas is a mid-sized city with a population of 197,640 inhabitants. Individuals of White (51%) and Black or African American (42%) backgrounds make up a significant portion of the population of the city. If you are not a fan of long commutes, you will enjoy living in Little Rock. With average one way commute time of only 19 minutes, getting to and from work is a breeze compared to the national average of 26 minutes.
If you’re considering moving to any new city, it could be a very daunting task. However, it could also be a good experience if you are willing to get to know the city before actually living in Little Rock, Arkansas. To help you find the best places to live in and around Little Rock, AreaVibes has created a livability score using key metrics like amenities, education, housing and more.
With a livability score of 61 out of 100, Little Rock is ranked #22,854 in the United States and #258 in Arkansas. If we dig a little deeper into each category within the livability score, we see that Little Rock has higher than average scores for the following: amenities (A+) and weather (B-). Little Rock does not fare well for the following: crime (F), education (F) and housing (F). It might be a good idea to take a closer look at each category to find out why.
Certain items on your wish list like shopping, restaurants, nightlife and proximity to public transportation are all important factors to search for. Having said that, perhaps the most important metric to consider when contemplating a move to Little Rock is real estate affordability. Median real estate prices in Little Rock come in at $154,700, which is 34.9% higher than the Arkansas average. The home price to income ratio compares the median home prices to the median household income. In Little Rock, the home price to income ratio is 3.3, which is 22.2% higher than the Arkansas average. For most people, purchasing a new home is the biggest investment they will make in their lifetime. Taking a look at overall real estate appreciation rates in Little Rock will offer some insight into determining if your home purchase will be a solid investment for years to come. In Little Rock, the year-over-year appreciation rates were 1.5%, and the 5 year appreciation rates came in at 2.7%.
