Conway, AR Cost Of Living
Cost Of Living In Conway, AR Summary
Cost of living in Conway research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Conway is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Arkansas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Conway is 87, with 100 being the average.
The cost of living index in Conway is 0.9x lower than the national average.
Conway ranks as the #47 cheapest in Arkansas out of 65.
Conway ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Conway is $195,800.
The median income in Conway is $48,104.
Table Of Contents
Conway's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Conway, AR?
According to the most recent data on the cost of living, Conway has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Arkansas, Conway has a cost of living index that's 1.0x lower than Arkansas's index of 90.
The standard of living in Conway ranks as #47 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Conway ranks as the #18 most expensive place in the Natural State.
For more reading on life in Conway, check out:
- Living In Conway
- Conway Crime Report
- Search Homes For Sale In Conway, AR
In Arkansas
In America
Conway Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Conway. Here is how it fairs on each of the criteria:
The Services index in Conway is 87.
The Groceries index in Conway is 84.
The Health index in Conway is 86.
The Housing index in Conway is 84.
The Transportation index in Conway is 93.
The Utilities index in Conway is 89.
| Living Expense | Conway | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 87 | 90 | 100 | |
| Services | 87 | 98 | 100 | |
| Groceries | 84 | 94 | 100 | |
| Health | 86 | 85 | 100 | |
| Housing | 84 | 76 | 100 | |
| Transportation | 93 | 90 | 100 | |
| Utilities | 89 | 95 | 100 | |
Conway, AR Housing Cost Breakdown
Housing swings affordability the most between places in Arkansas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Conway is $195,800.
The Median Rent in Conway is $867.
The Median Income in Conway is $48,104.
The Home Value To Income in Conway is 4.1x.
The Rent To Monthly Income in Conway is 0.22x.
| Statistic | Conway | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $195,800 | $142,100 | $244,900 |
| Median Rent | $867 | $803 | $1,163 |
| Median Income | $48,104 | $52,123 | $69,021 |
| Home Value To Income | 4.1x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Conway, AR Costs By Category
Detailed Conway Services Costs Vs. Arkansas
Detailed Conway Groceries Costs Vs. Arkansas
Detailed Conway Health Costs Vs. Arkansas
Detailed Conway Transportation Costs Vs. Arkansas
Detailed Conway Utilities Costs Vs. Arkansas
Conway SnackAbility
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Cost Of Living In Cities Around Conway
The cost of living varies in the cities and towns around Conway. Here's a quick look at the cost of living in the most populous nearby places:
Little Rock, AR has a cost of living index of 96, 1.1x Conway.
North Little Rock, AR has a cost of living index of 91, 1.0x Conway.
Benton, AR has a cost of living index of 93, 1.1x Conway.
| City | Population | Cost Of Living | Vs. Conway |
|---|---|---|---|
| Little Rock, AR | 201,893 | 96 | 1.1x |
| North Little Rock, AR | 64,444 | 91 | 1.0x |
| Benton, AR | 34,746 | 93 | 1.1x |
| Sherwood, AR | 32,544 | 93 | 1.1x |
| Jacksonville, AR | 29,385 | 90 | 1.0x |
| Russellville, AR | 29,057 | 81 | 0.9x |
| Cabot, AR | 26,411 | 90 | 1.0x |
| Searcy, AR | 23,074 | 82 | 0.9x |
| Bryant, AR | 20,399 | 95 | 1.1x |
| Maumelle, AR | 19,070 | 102 | 1.2x |
