A wise sage once said:
“She works hard for the money…”
And these places in Arkansas definitely treat her right.
You see, these are the cities and places in Arkansas where the cost of living is the lowest; where your salary goes the furthest. And when if you have the luxury of choosing where to live in the Natural State, then the cost of living should play a role in the decision.
So we did the hard for you and crunched the numbers to find the cities that have lower food, energy, and housing costs. After the dust settled on our analysis of the 60 largest places in Arkansas, we were left with this set of the best value for your money.
So where is the cheapest place to live in Arkansas? That would be De Queen.
Here are the 10 cheapest places to live in Arkansas for 2019:
- De Queen (Photos | Homes For Sale)
- Pocahontas (Photos | Homes For Sale)
- Trumann (Photos | Homes For Sale)
- Greenwood (Photos | Homes For Sale)
- Forrest City (Photos | Homes For Sale)
- White Hall (Photos | Homes For Sale)
- Marion (Photos | Homes For Sale)
- Blytheville (Photos | Homes For Sale)
- El Dorado (Photos | Homes For Sale)
- Lowell (Photos | Homes For Sale)
So listen up Farmington (the most expensive place in Arkansas) as we explain how we created this ranking. You could learn some things from the rest of the state.
And if you already knew these places were cheap, check out some more reading about Arkansas and the cheapest places in the country:
How We Determined The Most Affordable Places To Live In The Natural State For 2019
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2013-2017 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in Arkansas to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 60 places in Arkansas that have more than 5,000 people.
The place with the lowest cost of living in Arkansas according to the data is De Queen.
The 10 Cheapest Places To Live In Arkansas For 2019
The median income in De Queen comes in at $39,948 and the median home value is $85,800 for 2019.
Pocahontas is a city in Randolph County, Arkansas, United States, along the Black River. According to 2006 Census Bureau estimates, the population of the city was 6,765. The city is the county seat of Randolph County.
The median income in Pocahontas comes in at $34,812 and the median home value is $77,100 for 2019.
Trumann is a city in Poinsett County, Arkansas, United States. The population was 7,243 at the 2010 census. It is included in the Jonesboro, Arkansas Metropolitan Statistical Area.
The median income in Trumann comes in at $37,611 and the median home value is $86,400 for 2019.
Greenwood is a city in and one of the two county seats of Sebastian County, Arkansas, United States, perhaps best known locally for its Arkansas high school football. It is the fifth largest municipality in the Fort Smith, Arkansas-Oklahoma Metropolitan Statistical Area with a population of 8,952 according to the 2010 US Census.
The median income in Greenwood comes in at $62,311 and the median home value is $129,100 for 2019.
Forrest City is a city in St. Francis County, Arkansas, United States, and the county seat. It was named for General Nathan Bedford Forrest, who used the location as a campsite for a construction crew completing a railroad between Memphis and Little Rock, shortly after the Civil War. The population was 15,371 at the 2010 census, an increase from 14,774 in 2000. The city refers to itself as the “Jewel of the Delta”.
The median income in Forrest City comes in at $30,845 and the median home value is $65,700 for 2019.
The median income in White Hall comes in at $61,525 and the median home value is $125,400 for 2019.
Marion is a city in and the county seat of Crittenden County, Arkansas, United States. The population was 12,345 at the 2010 census, a 38.7% increase since 2000. The city is part of the Memphis metropolitan area. It is the second largest city in Crittenden County, behind West Memphis.
The median income in Marion comes in at $71,759 and the median home value is $151,800 for 2019.
Blytheville is the largest city in Mississippi County, Arkansas, United States. Blytheville is approximately 60 miles north of West Memphis. The population was 18,272 at the 2000 census.
The median income in Blytheville comes in at $35,130 and the median home value is $76,200 for 2019.
The median income in El Dorado comes in at $37,366 and the median home value is $87,100 for 2019.
The median income in Lowell comes in at $64,444 and the median home value is $146,700 for 2019.
There You Have It Mr. Or Mrs. Arkansas Cheapskate
If you’re looking at the cost of living numbers in Arkansas, this is an accurate list of the most affordable places to live in arkansas for 2019.
Here’s a look at the most expensive cities in Arkansas according to the data:
- Little Rock
- Hot Springs
For more Arkansas reading, check out:
- These Are The 10 Richest Cities In Arkansas
- These Are The 10 Best Places To Retire In Arkansas For 2018
- 10 Best Places To Raise A Family In Arkansas
Detailed List Of The Cheapest Places To Live In Arkansas
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