Taking into account the cost of goods and services like housing, groceries, transportation and utilities, the overall cost of living in this area is well below average.
Crime per 100,000 people is significantly lower than the national average, making it a safe place to live. These crime statistics include both violent and property crimes.
Higher than average median household income, income per capita and lower unemployment rates are seen in this area. The result is a high score in the employment category.
High scores in the housing category are a distinguishing feature of this area, possibly driven by a favorable home affordability ratio, higher home values and appreciation rates.
The majority of amenities are not ideally located within walking distance. To access these amenities, residents may be required to rely on a vehicle or public transit.
A low commute score could be due to longer-than-average work commutes and the limited availability of public transportation in this area.
AreaVibes collected feedback from local residents in the area through surveys and polls, and the results did not show a favorable view of things like local amenities and the safety of the area.
Located in the state of Arkansas, Pea Ridge is a small city with a population of 5,960 people. If we look at the most recent Census, Pea Ridge is known to have a predominantly White population. The next two most common races are Black and American Indian and Alaskan. Pea Ridge has a high percentage of people who are married with children when compared to the rest of the country. In total, more than 75% of the population is classified as married and 30% have kids. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Pea Ridge your home, your one-way commute time will typically last around 28 minutes, a duration that aligns with the national average commute time of 26 minutes.
Whether you’re relocating to a new city to be closer to family, friends or for a new job, living in Pea Ridge could be a positive experience compared to other cities in Arkansas if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. With useful information like commute, education, employment and other key data points, finding the best places to live in Pea Ridge and in the areas around Pea Ridge is a much easier task.
With a livability score of 68/100, Pea Ridge is ranked #7,803 in the United States and #45 in Arkansas. If we consider each of the categories individually, we see that Pea Ridge ranks well for crime (A-), cost of living (A+) and housing (A+). There are some categories that Pea Ridge scores poorly for, including: amenities (F). It might be worth taking a closer look to find out why.
Unemployment rates can range pretty dramatically from one city to another. Knowing that Pea Ridge has an unemployment rate of 1.2% 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.
Finding affordable real estate and housing in Pea Ridge 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.
Pea Ridge real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Pea Ridge. Median real estate prices in Pea Ridge come in at $140,500, which is 22.5% higher than the Arkansas average. The home price to income ratio compares the median home prices to the median household income. In Pea Ridge, the home price to income ratio is 1.4, which is 48.1% lower than the Arkansas average.
Statistic | Pea Ridge | Arkansas | National |
Average one way commute | 28min | 22min | 26min |
Workers who drive to work | 82.2% | 82.7% | 76.4% |
Workers who carpool | 8.9% | 10.8% | 9.3% |
Workers who take public transit | 1.1% | 0.4% | 5.1% |
Workers who bicycle | 1.2% | 0.2% | 0.6% |
Workers who walk | 0.6% | 1.7% | 2.8% |
Working from home | 5.1% | 3.2% | 4.6% |