Doing debt relief in Rogers (AR) can be a good way to get your finances back on track, particularly by consolidating all your debts into one loan with a lower interest rate and monthly payments. However, it’s important to consider all the pros and cons of this type of loan before making a decision, as it may not be the best option for everyone.
Rogers Arkansas AR
Rogers is a city located in the Ozarks of Arkansas. It is part of the Northwest Arkansas region and is known for its rapid growth. The first Walmart store was located in Rodgers, and the company’s headquarters are still nearby in Bentonville. Daisy Outdoor Products, an air rifle manufacturer, also has its headquarters and museum in the city.
According to the 2010 census, the city of Northwest Arkansas had a population of 55,964. However, by 2019, this number had increased to an estimated 68,669 inhabitants, making it the sixth most populous city in the state. With a population of 465,776 people according to the 2010 U.S.
Housing Market
Housing prices in Arkansas have been on the rise in recent years, but the state still remains more affordable than many others across the nation. The average price of a home in Arkansas is now $233,100, which is significantly lower than the national average of $388,965. However, prices have increased rapidly here in recent years by 21.7%. This has caused inventory to drop sharply by 47.1%.
In 2019, the median value of a house or condo in Rogers, Arkansas was $214,100. This is almost double the value from 2000 when it was $91,100. The mean prices for all housing units in Rogers were $231,028 in 2019. This includes detached houses, townhouses or other attached units, and mobile homes. The median price for a detached house in 2019 was $235,641.
Cost Of Living & Income
In 2019, the median household income in Rogers was $65,823. This is up from $40,474 in 2000. The median household income in Arkansas was $48,952 in 2019.
In 2019, the average gross rent in Rogers was $878. The cost of living index in Rogers in March 2019 was 82.8, which is low compared to the U.S. average of 100.
Retirement In Arkansas
A recent study found that Arkansans will need an average of $728,000 to retire comfortably. This number is much higher than the average savings of residents, which is only $345,267. This means that most retirees would be short by nearly $400,000.
Retirees often look for affordable places to live where they can enjoy their golden years. Arkansas may be a good option for some with its low property taxes, mild weather, and relatively low cost of living. However, keep in mind that the state does have average income tax rates (between 2% and 5.9%). You may find states without an income tax more appealing.
Taxes And Banking
The state of Arkansas has a progressive tax system for income, with rates ranging from 2% to 5.9%. In addition to this, there is also a sales tax of 6.5%, which can increase to 12.
In Arkansas, a smaller proportion of residents have checking or savings accounts when compared to other US states. Only 7.1% of Arkansans lack access to these financial resources.
Debt Consolidation Rogers AR
Debt consolidation in Rogers (AR) can be a good way to finally get your finances back on track, especially when you have multiple debts with high-interest rates. By consolidating your debts into one loan with a lower interest rate, you can reduce your monthly payments and pay off your debts more quickly. However, before taking out a debt consolidation loan, it’s important to weigh the pros and cons to make sure it’s the best decision for your particular situation.
