Hot Springs Village, AR Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Hot Springs Village, AR Summary

Cost of living in Hot Springs Village 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 Hot Springs Village 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 Hot Springs Village is 99, with 100 being the average.

  • The cost of living index in Hot Springs Village is 1.0x lower than the national average.

  • Hot Springs Village ranks as the #64 cheapest in Arkansas out of 65.

  • Hot Springs Village ranks as the #3,027 cheapest out of 6,412 in the US.

  • The median home value in Hot Springs Village is $216,900.

  • The median income in Hot Springs Village is $62,938.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
99
Hot Springs Village's Overall Cost Of Living
1.0x
Lower Than The National Average

What is the cost of living in Hot Springs Village, AR?

According to the most recent data on the cost of living, Hot Springs Village has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.

Compared to Arkansas, Hot Springs Village has a cost of living index that's 1.1x higher than Arkansas's index of 90.

The standard of living in Hot Springs Village ranks as #64 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Hot Springs Village ranks as the #1 most expensive place in the Natural State.

For more reading on life in Hot Springs Village, check out:

64 out of 65
In Arkansas
3,027 out of 6,412
In America

Hot Springs Village Cost Of Living Vs. Arkansas

Six factors go into calculating the cost of living index in Hot Springs Village. Here is how it fairs on each of the criteria:

  • The Services index in Hot Springs Village is 104.

  • The Groceries index in Hot Springs Village is 92.

  • The Health index in Hot Springs Village is 85.

  • The Housing index in Hot Springs Village is 108.

  • The Transportation index in Hot Springs Village is 78.

  • The Utilities index in Hot Springs Village is 94.

Living Expense Hot Springs Village Arkansas National Average
Overall 99 90 100
Services 104 98 100
Groceries 92 94 100
Health 85 85 100
Housing 108 76 100
Transportation 78 90 100
Utilities 94 95 100
For more reading on cost of living around Arkansas, check out:
Hot Springs Village Cost of Living Vs. AR

Hot Springs Village, 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 Hot Springs Village is $216,900.

  • The Median Rent in Hot Springs Village is $1,129.

  • The Median Income in Hot Springs Village is $62,938.

  • The Home Value To Income in Hot Springs Village is 3.4x.

  • The Rent To Monthly Income in Hot Springs Village is 0.22x.

Statistic Hot Springs Village Arkansas United States
Median Home Value $216,900 $142,100 $244,900
Median Rent $1,129 $803 $1,163
Median Income $62,938 $52,123 $69,021
Home Value To Income 3.4x 2.7x 3.5x
Rent To Monthly Income 0.22x 0.18x 0.2x
Search Homes For Sale In Hot Springs Village, AR
$216,900
Median Home Value
$1,129
Median Rent
$62,938
Median Income

Hot Springs Village, AR Costs By Category

Detailed Hot Springs Village Services Costs Vs. Arkansas

Item Hot Springs Village Arkansas
Shampoo $0.96 $1.06
Movie $9.95 $10.68
Bowling $13.75 $14.67
Haircut $15.25 $18.62
Beauty Salon $33.34 $39.05

Detailed Hot Springs Village Groceries Costs Vs. Arkansas

Item Hot Springs Village Arkansas
Ground Beef $3.36 $4.22
Fried Chicken $1.34 $1.39
Milk $1.95 $2.05
Potatoes $2.7 $3.29
Pizza $13.67 $10.62
Beer $9.72 $9.38
Toothpaste $1.9 $2.34

Detailed Hot Springs Village Health Costs Vs. Arkansas

Item Hot Springs Village Arkansas
Optometrist $150.2 $108.57
Doctor $89.33 $116.17
Dentist $75.83 $99.13

Detailed Hot Springs Village Transportation Costs Vs. Arkansas

Item Hot Springs Village Arkansas
Gasoline $1.95 $2.22
Tire Balancing $30.13 $50.07

Detailed Hot Springs Village Utilities Costs Vs. Arkansas

Item Hot Springs Village Arkansas
All Electricity $143.18 $167.67
Phone $198.05 $175.64

Hot Springs Village SnackAbility

5
/10
Overall SnackAbility
Jobs
8/10
Housing
8.5
Affordability
5
Diversity
3
Safety
N/A
Amenities
7
Education
9
Commute
4

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