10 Most Expensive Places To Live In Arkansas For 2019


We used science and data to determine which cities in Arkansas that will put a big dent in your wallet.

Editor’s Note: We updated this article for 2019. This is our fourth time ranking the most expensive places to live in Arkansas.

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Everyone wants a home that mixes affordability with comfort and Arkansas does this very well. Families love the Natural State’s beaches, midlands, and mountains as tourists before moving here and calling it home.

But before you decide to relocate, you have to do some research into the exact cost of living around the state — and that’s how we’re going to help you.

These are the places in Arkansas that cost a pretty penny — the most expensive cities in the state.

After we saved up for months and could finally afford it, we landed on this list of the ten most expensive cities in Arkansas for 2019.

So where is the most expensive place to live in Arkansas? That would be Fayetteville.

So hopefully De Queen (the cheapest place to live in Arkansas) can show these guys how to live on a budget in the coming years. Read on for how these places had costs rise faster than inflation.

And if you already knew these places were expensive, check out some more reading about Arkansas and the most expensive cities in the country:

The 10 Most Expensive Places To Live In Arkansas For 2019

Fayetteville, AR

Overall SnackAbility

7
/10

Population: 81,889
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 4.7x (1st most expensive)
Income To Rent Ratio: 55.1x (23rd most expensive)
More on Fayetteville: Real Estate | Data | Photos

Fayetteville is the third-largest city in Arkansas and county seat of Washington County. The city is centrally located within the county and has been home of the University of Arkansas since the institution’s founding in 1871. Fayetteville is on the outskirts of the Boston Mountains, deep within the Ozarks. Known as Washington until 1829, the city was named after Fayetteville, Tennessee, from which many of the settlers had come. It was incorporated on November 3, 1836 and was rechartered in 1867. The four-county Northwest Arkansas Metropolitan Statistical Area is ranked 105th in terms of population in the United States with 463,204 in 2010 according to the United States Census Bureau. The city had a population of 73,580 at the 2010 Census. At 1,400 feet of elevation, it is also one of the highest major US cities between the western Great Plains and the Appalachian Mountains.

The median income in Fayetteville comes in at $41,158 and the median home value is $193,000 for 2019.

Farmington, AR

Overall SnackAbility

6
/10

Population: 6,598
Rank Last Year: 5 (Up 3)
Home Price To Income Ratio: 3.4x (6th most expensive)
Income To Rent Ratio: 58.2x (30th most expensive)
More on Farmington: Real Estate | Data | Photos

Farmington is a city in Washington County, Arkansas. The community is nestled in a valley among the Boston Mountains, a subset of the Ozark Mountains. Although the first settlers came from the Deep South in 1828, the community did not incorporate until 1946. Located immediately west of Fayetteville in the Northwest Arkansas metropolitan statistical area, Farmington has been experiencing a population boom in recent years, as indicated by a 66% growth in population between the 2000 and 2010 censuses. It has been characterized as a bedroom community by the University of Arkansas Community Design Center.

The median income in Farmington comes in at $50,741 and the median home value is $170,300 for 2019.

Hot Springs, AR

Overall SnackAbility

3
/10

Population: 36,780
Rank Last Year: 2 (Down 1)
Home Price To Income Ratio: 3.6x (3rd most expensive)
Income To Rent Ratio: 46.6x (3rd most expensive)
More on Hot Springs: Real Estate | Data | Photos

Hot Springs is the eleventh-largest city in the state of Arkansas and the county seat of Garland County. The city is located in the Ouachita Mountains among the U.S. Interior Highlands, and is set among several natural hot springs for which the city is named. As of the 2010 United States Census, the city had a population of 35,193. In 2015 the estimated population was 35,635.

The median income in Hot Springs comes in at $32,066 and the median home value is $114,700 for 2019.

Russellville, AR

Overall SnackAbility

3
/10

Population: 29,147
Rank Last Year: 3 (No Change)
Home Price To Income Ratio: 3.9x (2nd most expensive)
Income To Rent Ratio: 53.3x (19th most expensive)
More on Russellville: Real Estate | Data | Photos

Russellville is the county seat and largest city in Pope County, Arkansas, United States, with a population of 27,920, according to the 2010 Census. It is home to Arkansas Tech University and Arkansas Nuclear One, Arkansas’ only nuclear power plant. Russellville borders Lake Dardanelle and the Arkansas River.

The median income in Russellville comes in at $35,295 and the median home value is $136,900 for 2019.

Little Rock, AR

Overall SnackAbility

6
/10

Population: 197,780
Rank Last Year: 4 (Down 1)
Home Price To Income Ratio: 3.3x (9th most expensive)
Income To Rent Ratio: 57.6x (28th most expensive)
More on Little Rock: Real Estate | Data | Photos

Little Rock is the capital and most populous city of the U.S. state of Arkansas. It is also the county seat of Pulaski County. It was incorporated on November 7, 1831, on the south bank of the Arkansas River close to the state’s geographic center. The city derives its name from a rock formation along the river, named “la petite roche” by the French explorer Jean-Baptiste Bnard de la Harpe in the 1720s. The capital of the Arkansas Territory was moved to Little Rock from Arkansas Post in 1821. The city’s population was 193,524 at the 2010 census. The six county Little Rock-North Little Rock-Conway, AR Metropolitan Statistical Area is ranked 75th in terms of population in the United States with 724,385 residents according to the 2013 estimate by the United States Census Bureau.

The median income in Little Rock comes in at $48,463 and the median home value is $159,900 for 2019.

Conway, AR

Overall SnackAbility

7
/10

Population: 64,481
Rank Last Year: 9 (Up 3)
Home Price To Income Ratio: 3.5x (4th most expensive)
Income To Rent Ratio: 60.5x (36th most expensive)
More on Conway: Real Estate | Data | Photos

Conway is a city in the American state of Arkansas and the county seat of Faulkner County, located in the state’s most populous Metropolitan Statistical Area, Central Arkansas. Although sometimes considered a suburb of Little Rock, Conway is unique in that the majority of its residents do not commute out of the city to work. The city also serves as a regional shopping, educational, work, healthcare, sports, and cultural hub for Faulkner County and surrounding areas. Conway’s growth can be attributed to its jobs in technology and higher education with its largest employers being Acxiom, the University of Central Arkansas, Hewlett Packard, Hendrix College, Insight Enterprises, and many technology start up companies. Conway is home to three post-secondary educational institutions, earning it the nickname “The City of Colleges”.

The median income in Conway comes in at $46,741 and the median home value is $163,500 for 2019.

Jonesboro, AR

Source: Public domain
Overall SnackAbility

5
/10

Population: 73,581
Rank Last Year: 12 (Up 5)
Home Price To Income Ratio: 3.3x (8th most expensive)
Income To Rent Ratio: 59.7x (34th most expensive)
More on Jonesboro: Real Estate | Data | Photos

Jonesboro is a city in Craighead County, Arkansas, United States. According to the 2010 Census, the population of the city was 71,551. A college town, home of the Arkansas State Red Wolves, Jonesboro is the largest city in northeastern Arkansas and the Arkansas Delta; it is the fifth-most populous city in the state.

The median income in Jonesboro comes in at $44,171 and the median home value is $146,800 for 2019.

Searcy, AR

Overall SnackAbility

6
/10

Population: 23,819
Rank Last Year: 6 (Down 2)
Home Price To Income Ratio: 3.4x (5th most expensive)
Income To Rent Ratio: 59.7x (35th most expensive)
More on Searcy: Real Estate | Data | Photos

Searcy is the largest city and county seat of White County, Arkansas, United States. According to 2014 Census Bureau estimates, the population of the city is 23,768. It is the principal city of the Searcy, AR Micropolitan Statistical Area which encompasses all of White County. The city takes its name from Richard Searcy, a judge for the Superior Court of the Arkansas Territory. A college town, Searcy is the home of Harding University.

The median income in Searcy comes in at $41,699 and the median home value is $143,400 for 2019.

Overall SnackAbility

5
/10

Population: 5,271
Rank Last Year: 8 (Down 1)
Home Price To Income Ratio: 3.0x (19th most expensive)
Income To Rent Ratio: 52.3x (16th most expensive)
More on Greenbrier: Real Estate | Data

Greenbrier is a city in Faulkner County, Arkansas, United States. It is part of the Little Rock-North Little Rock-Conway Metropolitan Statistical Area. The population was 4,706 at the 2010 census, up from 3,042 at the 2000 census.

The median income in Greenbrier comes in at $43,667 and the median home value is $132,100 for 2019.

North Little Rock, AR

Overall SnackAbility

4
/10

Population: 66,144
Rank Last Year: 10 (No Change)
Home Price To Income Ratio: 3.0x (20th most expensive)
Income To Rent Ratio: 51.1x (14th most expensive)
More on North Little Rock: Real Estate | Data | Photos

North Little Rock is a city in Pulaski County, Arkansas, United States, across the Arkansas River from Little Rock in the central part of the state. The population was 62,304 at the 2010 census. North Little Rock, along with Little Rock and Conway, anchors the six-county Little Rock-North Little Rock-Conway Metropolitan Statistical Area, which is further included in the Little Rock-North Little Rock Combined Statistical Area with 902,443 residents.

The median income in North Little Rock comes in at $41,278 and the median home value is $123,500 for 2019.

How We Determined The Most Expensive Places To Live In The Natural State For 2019

Map Of The Cheapest Places To Live In Arkansas
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. 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 most 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 highest cost of living in Arkansas according to the data is Fayetteville.

Taking A Chunk Out Of Your Paycheck In Arkansas For 2019

Well there you have it, the places in Arkansas that have the highest cost of living, with Fayetteville ranking as the most expensive city in the Natural State.

Here’s a look at the most affordable cities in Arkansas according to the data:

  1. De Queen
  2. Pocahontas
  3. Greenwood

For more Arkansas reading, check out:

Detailed List Of The Most Expensive Cities In Arkansas

Rank City ExpensiveScore Population Home/Income Ratio Income/Rent Ratio
1 Fayetteville 9.0 81,889 4.7x 55.1x
2 Farmington 13.33 6,598 3.4x 58.2x
3 Hot Springs 13.67 36,780 3.6x 46.6x
4 Russellville 13.67 29,147 3.9x 53.3x
5 Little Rock 14.67 197,780 3.3x 57.6x
6 Conway 15.0 64,481 3.5x 60.5x
7 Jonesboro 18.0 73,581 3.3x 59.7x
8 Searcy 18.33 23,819 3.4x 59.7x
9 Greenbrier 19.0 5,271 3.0x 52.3x
10 North Little Rock 20.17 66,144 3.0x 51.1x
11 Monticello 21.0 9,660 3.1x 47.0x
12 Morrilton 21.33 6,663 3.1x 48.7x
13 Magnolia 21.33 11,570 3.1x 50.3x
14 Texarkana 21.33 30,120 3.1x 52.8x
15 Arkadelphia 22.0 10,664 3.3x 54.3x
16 Rogers 23.33 63,411 3.0x 63.4x
17 Mountain Home 23.33 12,253 3.1x 56.4x
18 Fort Smith 23.67 87,537 3.2x 57.0x
19 Heber Springs 23.67 7,079 3.3x 61.6x
20 West Memphis 25.0 25,152 2.8x 43.4x
21 Alma 25.0 5,616 3.2x 65.7x
22 Maumelle 25.33 17,967 3.0x 76.6x
23 Springdale 28.0 77,252 3.0x 66.0x
24 Osceola 28.0 7,160 2.7x 46.3x
25 Mena 28.67 5,612 2.9x 51.0x
26 Camden 30.67 11,289 2.8x 46.9x
27 Malvern 31.0 10,830 2.6x 47.9x
28 Van Buren 31.67 23,135 2.8x 59.6x
29 Paragould 32.0 27,815 2.7x 60.8x
30 Bentonville 33.67 44,601 2.6x 89.8x
31 Jacksonville 33.67 28,637 2.5x 57.6x
32 Siloam Springs 33.83 16,311 2.7x 64.5x
33 Newport 34.33 7,770 2.7x 51.5x
34 Beebe 34.33 7,992 2.6x 63.2x
35 Cabot 34.33 25,732 2.5x 73.5x
36 Clarksville 34.33 9,448 2.6x 57.2x
37 Benton 34.33 34,034 2.6x 70.3x
38 Batesville 34.67 10,568 2.8x 72.1x
39 Bryant 35.0 19,607 2.5x 74.7x
40 Centerton 36.0 12,178 2.2x 68.8x
41 Harrison 36.33 13,058 2.7x 61.2x
42 Warren 36.33 5,715 2.5x 47.2x
43 Hope 37.33 9,923 2.3x 51.0x
44 Pine Bluff 37.67 44,509 2.3x 46.8x
45 Berryville 37.67 5,389 2.7x 65.7x
46 Crossett 38.0 5,142 2.4x 51.0x
47 Sherwood 38.0 30,590 2.4x 76.5x
48 Stuttgart 38.67 8,979 2.3x 54.8x
49 Pea Ridge 39.67 5,296 2.1x 58.2x
50 Lowell 40.0 8,622 2.3x 82.4x
51 El Dorado 41.0 18,201 2.3x 58.8x
52 Marion 42.33 12,467 2.1x 86.0x
53 Blytheville 44.0 14,588 2.2x 54.3x
54 Forrest City 45.33 14,691 2.1x 52.5x
55 White Hall 46.0 5,213 2.0x 74.2x
56 Trumann 46.67 7,103 2.3x 66.0x
57 Wynne 47.0 8,095 1.9x 57.5x
58 Greenwood 47.33 9,311 2.1x 86.9x
59 Pocahontas 47.67 6,459 2.2x 60.5x
60 De Queen 52.33 6,623 2.1x 74.4x

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.