Ward, AR Cost Of Living
Cost Of Living In Ward, AR Summary
Cost of living in Ward 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 Ward 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 Ward is 87, with 100 being the average.
The cost of living index in Ward is 0.9x lower than the national average.
Ward ranks as the #47 cheapest in Arkansas out of 65.
Ward ranks as the #1,101 cheapest out of 6,412 in the US.
The median home value in Ward is $135,200.
The median income in Ward is $62,231.
Table Of Contents
Ward's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Ward, AR?
According to the most recent data on the cost of living, Ward has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to Arkansas, Ward has a cost of living index that's 1.0x lower than Arkansas's index of 90.
The standard of living in Ward ranks as #47 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Ward ranks as the #18 most expensive place in the Natural State.
For more reading on life in Ward, check out:
- Living In Ward
- Ward Crime Report
- Search Homes For Sale In Ward, AR
In Arkansas
In America
Ward Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Ward. Here is how it fairs on each of the criteria:
The Services index in Ward is 106.
The Groceries index in Ward is 92.
The Health index in Ward is 92.
The Housing index in Ward is 68.
The Transportation index in Ward is 91.
The Utilities index in Ward is 95.
| Living Expense | Ward | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 87 | 90 | 100 | |
| Services | 106 | 98 | 100 | |
| Groceries | 92 | 94 | 100 | |
| Health | 92 | 85 | 100 | |
| Housing | 68 | 76 | 100 | |
| Transportation | 91 | 90 | 100 | |
| Utilities | 95 | 95 | 100 | |
Ward, 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 Ward is $135,200.
The Median Rent in Ward is $994.
The Median Income in Ward is $62,231.
The Home Value To Income in Ward is 2.2x.
The Rent To Monthly Income in Ward is 0.19x.
| Statistic | Ward | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $135,200 | $142,100 | $244,900 |
| Median Rent | $994 | $803 | $1,163 |
| Median Income | $62,231 | $52,123 | $69,021 |
| Home Value To Income | 2.2x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Ward, AR Costs By Category
Detailed Ward Services Costs Vs. Arkansas
Detailed Ward Groceries Costs Vs. Arkansas
Detailed Ward Health Costs Vs. Arkansas
Detailed Ward Transportation Costs Vs. Arkansas
Detailed Ward Utilities Costs Vs. Arkansas
Ward SnackAbility
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Cost Of Living In Cities Around Ward
The cost of living varies in the cities and towns around Ward. 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 Ward.
North Little Rock, AR has a cost of living index of 91, 1.0x Ward.
Conway, AR has a cost of living index of 87, 1.0x Ward.
| City | Population | Cost Of Living | Vs. Ward |
|---|---|---|---|
| Little Rock, AR | 201,893 | 96 | 1.1x |
| North Little Rock, AR | 64,444 | 91 | 1.0x |
| Conway, AR | 63,746 | 87 | 1.0x |
| Benton, AR | 34,746 | 93 | 1.1x |
| Sherwood, AR | 32,544 | 93 | 1.1x |
| Jacksonville, AR | 29,385 | 90 | 1.0x |
| 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 |
