The 10 Most Expensive Places To Live In Arkansas For 2022


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

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Editor’s Note: We updated this article for 2022. This is our ninth time ranking the most expensive places to live in Arkansas.

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 2022.

So where is the most expensive place to live in Arkansas? That would be Fayetteville.
the 2016-2020 American Community Survey for the 63 places in Arkansas with more than 5,000 people.

Here are the 10 most expensive places to live in Arkansas for 2022:

  1. Fayetteville
  2. Conway
  3. Searcy
  4. North Little Rock
  5. Clarksville
  6. Alma
  7. Russellville
  8. Jonesboro
  9. Little Rock
  10. Arkadelphia

What's the most expensive place to live in Arkansas? Well, HomeSnacks crunched the numbers and discovered that Fayetteville is the most expensive place to live in Arkansas.

So hopefully Walnut Ridge (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 2022

1. Fayetteville

Fayetteville, AR

Overall SnackAbility

7
/10

Population: 86,622
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 4.9x (most expensive)
Income To Rent Ratio: 56.6x (17th most expensive)
More on Fayetteville: Real Estate | Data | Photos

The median income in Fayetteville comes in at $47,350 and the median home value is $232,100 for 2022.

2. Conway

Conway, AR

Overall SnackAbility

6
/10

Population: 66,776
Rank Last Year: 2 (No Change)
Home Price To Income Ratio: 3.7x (4th most expensive)
Income To Rent Ratio: 58.5x (25th most expensive)
More on Conway: Real Estate | Data | Photos

The median income in Conway comes in at $47,999 and the median home value is $179,400 for 2022.

3. Searcy

Searcy, AR

Overall SnackAbility

4
/10

Population: 23,673
Rank Last Year: 6 (Up 3)
Home Price To Income Ratio: 3.7x (5th most expensive)
Income To Rent Ratio: 55.5x (15th most expensive)
More on Searcy: Real Estate | Data | Photos

The median income in Searcy comes in at $39,650 and the median home value is $145,900 for 2022.

4. North Little Rock

North Little Rock, AR

Overall SnackAbility

4
/10

Population: 66,079
Rank Last Year: 3 (Down 1)
Home Price To Income Ratio: 3.3x (11th most expensive)
Income To Rent Ratio: 50.6x (8th most expensive)
More on North Little Rock: Real Estate | Data | Photos

The median income in North Little Rock comes in at $43,831 and the median home value is $144,100 for 2022.

5. Clarksville

Clarksville, AR

Overall SnackAbility

6
/10

Population: 9,661
Rank Last Year: 20 (Up 15)
Home Price To Income Ratio: 3.9x (3rd most expensive)
Income To Rent Ratio: 52.5x (10th most expensive)
More on Clarksville: Real Estate | Data | Photos

The median income in Clarksville comes in at $32,842 and the median home value is $128,800 for 2022.

6. Alma

Alma, AR

Overall SnackAbility

5
/10

Population: 5,816
Rank Last Year: 14 (Up 8)
Home Price To Income Ratio: 4.1x (2nd most expensive)
Income To Rent Ratio: 58.1x (24th most expensive)
More on Alma: Real Estate | Data | Photos

The median income in Alma comes in at $35,352 and the median home value is $145,600 for 2022.

7. Russellville

Russellville, AR

Overall SnackAbility

3
/10

Population: 29,227
Rank Last Year: 5 (Down 2)
Home Price To Income Ratio: 3.6x (7th most expensive)
Income To Rent Ratio: 53.9x (13th most expensive)
More on Russellville: Real Estate | Data | Photos

The median income in Russellville comes in at $37,436 and the median home value is $133,100 for 2022.

8. Jonesboro

Jonesboro, AR

Source: Public domain
Overall SnackAbility

4
/10

Population: 77,391
Rank Last Year: 9 (Up 1)
Home Price To Income Ratio: 3.4x (8th most expensive)
Income To Rent Ratio: 59.9x (27th most expensive)
More on Jonesboro: Real Estate | Data | Photos

The median income in Jonesboro comes in at $47,062 and the median home value is $161,500 for 2022.

9. Little Rock

Little Rock, AR

Overall SnackAbility

6
/10

Population: 198,067
Rank Last Year: 3 (Down 6)
Home Price To Income Ratio: 3.2x (12th most expensive)
Income To Rent Ratio: 60.3x (29th most expensive)
More on Little Rock: Real Estate | Data | Photos

The median income in Little Rock comes in at $53,620 and the median home value is $172,500 for 2022.

10. Arkadelphia

Arkadelphia, AR

Overall SnackAbility

7
/10

Population: 10,670
Rank Last Year: 11 (Up 1)
Home Price To Income Ratio: 3.6x (6th most expensive)
Income To Rent Ratio: 53.8x (12th most expensive)
More on Arkadelphia: Real Estate | Data | Photos

The median income in Arkadelphia comes in at $31,643 and the median home value is $114,100 for 2022.

Methodology: How We Determined The Most Expensive Places To Live In The Natural State For 2022

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 2016-2020 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 63 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. You can download the data here.

Summary: Taking A Chunk Out Of Your Paycheck In Arkansas For 2022

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. Walnut Ridge
  2. De Queen
  3. Pocahontas

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 6.67 86,622 4.9x 56.6x
2 Conway 12.33 66,776 3.7x 58.5x
3 Searcy 13.33 23,673 3.7x 55.5x
4 North Little Rock 13.67 66,079 3.3x 50.6x
5 Clarksville 15.0 9,661 3.9x 52.5x
6 Alma 15.67 5,816 4.1x 58.1x
7 Russellville 16.0 29,227 3.6x 53.9x
8 Jonesboro 16.33 77,391 3.4x 59.9x
9 Little Rock 16.67 198,067 3.2x 60.3x
10 Arkadelphia 19.33 10,670 3.6x 53.8x
11 Hot Springs 19.83 38,697 3.2x 53.6x
12 Farmington 20.33 7,166 3.0x 66.2x
13 Mountain Home 21.0 12,463 3.2x 57.2x
14 Morrilton 21.33 6,638 3.4x 55.4x
15 Monticello 22.0 9,392 3.1x 51.1x
16 Texarkana 23.17 29,864 3.0x 56.1x
17 Springdale 23.67 80,433 3.1x 66.3x
18 Helena-West Helena 24.0 10,487 3.3x 41.3x
19 Rogers 24.67 67,787 2.8x 69.9x
20 Bentonville 25.0 52,070 3.1x 86.2x
21 Magnolia 26.0 11,537 2.8x 48.0x
22 Greenbrier 26.0 5,592 2.9x 62.2x
23 Cabot 27.67 26,376 2.7x 69.0x
24 Siloam Springs 27.67 17,031 2.9x 70.1x
25 Paragould 28.33 28,821 2.8x 65.6x
26 Fort Smith 28.67 87,788 2.9x 64.3x
27 West Memphis 29.33 24,656 2.6x 45.7x
28 Heber Springs 29.67 7,156 2.7x 58.1x
29 Pea Ridge 30.0 5,960 1.4x 46.1x
30 Jacksonville 30.33 28,442 2.6x 58.0x
31 Prairie Grove 30.67 6,236 2.7x 79.9x
32 Maumelle 32.0 18,193 2.7x 91.2x
33 Wynne 33.0 7,773 2.4x 49.3x
34 Benton 34.67 36,360 2.5x 71.3x
35 Centerton 34.67 15,345 2.3x 76.6x
36 Harrison 35.0 13,124 2.8x 66.3x
37 Trumann 35.33 7,000 2.7x 61.4x
38 Malvern 35.33 10,886 2.5x 57.7x
39 Sherwood 35.67 31,225 2.4x 74.4x
40 Van Buren 35.67 23,600 2.7x 68.1x
41 Lowell 37.0 9,433 2.3x 89.1x
42 Beebe 37.67 8,131 2.6x 76.3x
43 Osceola 38.33 6,786 2.3x 57.1x
44 Pine Bluff 38.67 42,323 2.2x 46.9x
45 Bryant 39.33 20,563 2.3x 89.8x
46 Greenwood 39.67 9,392 2.4x 75.3x
47 Forrest City 41.0 14,062 2.0x 47.0x
48 Batesville 41.33 10,749 2.5x 85.4x
49 Newport 41.83 7,552 2.6x 63.9x
50 Mena 42.0 5,524 2.2x 59.6x
51 El Dorado 42.0 17,826 2.1x 60.3x
52 Marion 42.33 12,371 2.1x 89.3x
53 White Hall 43.33 5,017 2.0x 85.4x
54 Hope 43.83 9,668 2.1x 58.1x
55 Ward 45.0 5,195 1.9x 65.9x
56 Warren 45.0 5,596 2.2x 62.1x
57 Berryville 46.67 5,594 2.5x 86.7x
58 Blytheville 48.0 13,735 2.0x 60.6x
59 Stuttgart 49.67 8,617 2.0x 73.4x
60 Camden 52.33 10,877 2.1x 70.5x
61 Pocahontas 52.33 6,582 1.8x 64.4x
62 De Queen 53.33 6,499 1.9x 79.6x
63 Walnut Ridge 59.67 5,104 1.7x 86.8x

How Is The Area In ?

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.