Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Health & Safety
Accessible health facilities like hospitals, doctors offices, clinics and nursing homes as well as good air quality are all factors that have led to a high score in this category.
Ratings
According to recent surveys and polls, locals had excellent ratings for walkability to nearby amenities, safety, access to public transit and the overall sense of community in the area.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Siloam Springs, Arkansas is a moderately-sized city with a population of 17,596 people. If we look at the most recent Census, Siloam Springs is known to have a predominantly White population. The next two most common races are American Indian and Alaskan and Asian. With an average age of 30 years old, Siloam Springs could be a great place to live for young adults as this age is well below the national average. Not a fan of sitting in traffic during your commute to work? Siloam Springs offers shorter work commutes, with an average one-way commute time taking only 19 minutes, far lower than the national average of 26 minutes.
Living in Siloam Springs can be a positive experience for anyone moving to the city. Having said that, in the state of Arkansas, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. The best areas in Siloam Springs and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, commute, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Arkansas and national averages.
Siloam Springs has a livability score of 72/100 and is ranked #23 in Arkansas and #5,343 in the USA. If we consider each of the categories individually, we see that Siloam Springs ranks well for cost of living (A+) and housing (A+). On a more negative note, Siloam Springs does not have favorable ranks for the following: amenities (F), crime (F) and education (D). If we take a look at the data, we can find out why.
The unemployment rate in Siloam Springs has consistently declined over the years and currently stands well below the national average at 2.6%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Siloam Springs 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 Siloam Springs 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 Siloam Springs. Everything else becomes a lot less important if it turns out that home prices in Siloam Springs are simply unattainable. Median real estate prices in Siloam Springs come in at $275,230, which is 31.7% higher than the Arkansas average. The home price to income ratio compares the median home prices to the median household income. In Siloam Springs, the home price to income ratio is 3.5, which is 6.1% higher than the Arkansas average.
| Statistic | Siloam Springs | Arkansas | National |
| Average one way commute | 19min | 22min | 26min |
| Workers who drive to work | 81.8% | 82.7% | 76.4% |
| Workers who carpool | 9.6% | 10.8% | 9.3% |
| Workers who take public transit | 0.0% | 0.4% | 5.1% |
| Workers who bicycle | 0.9% | 0.2% | 0.6% |
| Workers who walk | 3.3% | 1.7% | 2.8% |
| Working from home | 4.2% | 3.2% | 4.6% |
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