Cost Of Living
The cost of living in this region is notably lower than the national average, encompassing everyday goods, housing, utilities, transportation and health care expenses.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Health & Safety
Achieving a high health and safety score relies on factors including great air quality and convenient access to vital health facilities such as hospitals, doctors, clinics and police stations.
Amenities
A large portion of amenities are not ideally situated within walking distance, potentially requiring residents to utilize a vehicle or public transportation.
Crime
This area exhibits elevated crime rates per 100,000 residents, which may suggest it's a potentially unsafe place to reside. These rates encompass both property and violent crimes.
El Dorado, Arkansas is a mid-sized city with a population of 17,826 inhabitants. El Dorado is mostly populated by White (49%) and Black or African American (48%) ethnic groups. In El Dorado, only 50% of people over the age of fifteen are married. This city could be a good option for singles ready to mingle. If you are not a fan of long commutes, you will enjoy living in El Dorado. With an average one way commute time of only 16 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 intimidating task. However, it could also be a great experience if you are willing to get to know the area before actually living in El Dorado, Arkansas. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Finding the best places to live in El Dorado and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes amenities, crime, cost of living, commute, employment and other important metrics.
Using data and statistics El Dorado has received a livability score of 68 out of 100. This score is ranked in the 74th percentile when compared to all other cities. Based on the scores for each individual category, El Dorado has received high marks for housing (A-). On a more negative note, El Dorado does not have favorable ranks for the following: amenities (F), crime (F), education (D) and employment (D-). If we take a look at the data, we can find out why.
Managing monthly expenses, from grocery bills to never-ending utility costs, can swiftly accumulate. Fortunately, we're delighted to share that the cost of living in El Dorado is 20.53% lower than the national average. This translates to a tangible reduction in those persistent monthly expenditures, making El Dorado a city where you can anticipate lower costs across the board when compared to many other urban areas. This financial advantage not only eases the burden of day-to-day living but also allows for a more budget-friendly lifestyle, ensuring that your hard-earned money goes further and providing an appealing incentive for those seeking to improve their financial well-being in a world where expenses continue to rise.
Unemployment rates can vary significantly among cities, impacting job prospects, wage levels and the overall economic health of an area. In El Dorado, the unemployment rate stands at 2.62%, suggesting increased job opportunities and a heightened demand for workers. This scenario can lead to higher wages, as the demand for employees outpaces job availability. Importantly, a low unemployment rate often signifies a robust and flourishing local economy.
Finding affordable real estate and housing in El Dorado can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in El Dorado is actually affordable. The median home price for El Dorado homes is $92,100, which is 19.7% lower than the Arkansas average. If we take a closer look at the affordability of homes in El Dorado, we’ll see that the home price to income ratio is 2.1, which is 22.2% lower than the Arkansas average.
| Statistic | El Dorado | Arkansas | National |
| Average one way commute | 16min | 22min | 26min |
| Workers who drive to work | 87.1% | 82.7% | 76.4% |
| Workers who carpool | 5.6% | 10.8% | 9.3% |
| Workers who take public transit | 0.4% | 0.4% | 5.1% |
| Workers who bicycle | 0.0% | 0.2% | 0.6% |
| Workers who walk | 2.4% | 1.7% | 2.8% |
| Working from home | 3.8% | 3.2% | 4.6% |
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