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For those of you who are looking to purchase a new home in the southern United States, Arkansas is a great choice. The Natural State truly represents a buyer's market, as the median price for homes here is just under $110,000. Regardless of whether you are going to be living on your own, with a roommate or with your family, there are many options for home sizes, and just about all of them come with sizable yard space.

Though most of the state is geared toward those who prefer to live in more open spaces, you can find a big city lifestyle in the state capital of Little Rock with its population of around 200,000. If you are looking to spread your professional wings in the private or public sector, this is the place for you. Most of the rest of Arkansas' major cities have large residential sections and are quite conducive to suburban family living. Of these, the biggest in terms of population are Fort Smith, Fayetteville, Springdale and Jonesboro. Here, you'll find a comforting small town atmosphere with dozens of family-owned businesses that have been in the area for decades.

At first, the current economic landscape of Arkansas might not seem terribly appealing, as statistics such as the unemployment rate is about the same as the rest of the United States, while income per capita and income per household are slightly lower than the national average. However, these numbers are actually highly manageable because the overall cost of living is low. Nearly a quarter of all in-state occupations are in sales, administrative support and office work, while the production, material moving and transportation industry also employs a sizable portion of the total population. If a slower pace, a residential neighborhood and a warm climate are all on your list of preferences for a new home, you need to pay Arkansas a visit.

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