Malvern, AR Cost Of Living
Cost Of Living In Malvern, AR Summary
Cost of living in Malvern 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 Malvern 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 Malvern is 81, with 100 being the average.
The cost of living index in Malvern is 0.8x lower than the national average.
Malvern ranks as the #18 cheapest in Arkansas out of 65.
Malvern ranks as the #290 cheapest out of 6,412 in the US.
The median home value in Malvern is $89,100.
The median income in Malvern is $34,880.
Table Of Contents
Malvern's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Malvern, AR?
According to the most recent data on the cost of living, Malvern has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Arkansas, Malvern has a cost of living index that's 0.9x lower than Arkansas's index of 90.
The standard of living in Malvern ranks as #18 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Malvern ranks as the #47 most expensive place in the Natural State.
For more reading on life in Malvern, check out:
- Living In Malvern
- Malvern Crime Report
- Search Homes For Sale In Malvern, AR
In Arkansas
In America
Malvern Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Malvern. Here is how it fairs on each of the criteria:
The Services index in Malvern is 103.
The Groceries index in Malvern is 93.
The Health index in Malvern is 88.
The Housing index in Malvern is 48.
The Transportation index in Malvern is 81.
The Utilities index in Malvern is 96.
| Living Expense | Malvern | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 81 | 90 | 100 | |
| Services | 103 | 98 | 100 | |
| Groceries | 93 | 94 | 100 | |
| Health | 88 | 85 | 100 | |
| Housing | 48 | 76 | 100 | |
| Transportation | 81 | 90 | 100 | |
| Utilities | 96 | 95 | 100 | |
Malvern, 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 Malvern is $89,100.
The Median Rent in Malvern is $647.
The Median Income in Malvern is $34,880.
The Home Value To Income in Malvern is 2.6x.
The Rent To Monthly Income in Malvern is 0.22x.
| Statistic | Malvern | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $89,100 | $142,100 | $244,900 |
| Median Rent | $647 | $803 | $1,163 |
| Median Income | $34,880 | $52,123 | $69,021 |
| Home Value To Income | 2.6x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Malvern, AR Costs By Category
Detailed Malvern Services Costs Vs. Arkansas
Detailed Malvern Groceries Costs Vs. Arkansas
Detailed Malvern Health Costs Vs. Arkansas
Detailed Malvern Transportation Costs Vs. Arkansas
Detailed Malvern Utilities Costs Vs. Arkansas
Malvern SnackAbility
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Cost Of Living In Cities Around Malvern
The cost of living varies in the cities and towns around Malvern. 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, 1.2x Malvern.
North Little Rock, AR has a cost of living index of 91, 1.1x Malvern.
Hot Springs, AR has a cost of living index of 87, 1.1x Malvern.
| City | Population | Cost Of Living | Vs. Malvern |
|---|---|---|---|
| Little Rock, AR | 201,893 | 96 | 1.2x |
| North Little Rock, AR | 64,444 | 91 | 1.1x |
| Hot Springs, AR | 38,050 | 87 | 1.1x |
| Benton, AR | 34,746 | 93 | 1.1x |
| Sherwood, AR | 32,544 | 93 | 1.1x |
| Bryant, AR | 20,399 | 95 | 1.2x |
| Maumelle, AR | 19,070 | 102 | 1.3x |
| Arkadelphia, AR | 10,332 | 84 | 1.0x |
| East End, AR | 6,432 | 87 | 1.1x |
| White Hall, AR | 5,599 | 91 | 1.1x |
