The 10 Most Expensive Places To Live In Arkansas For 2021


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 2021. This is our seventh 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 2021.

So where is the most expensive place to live in Arkansas? That would be Fayetteville.
the 2015-2019 American Community Survey for the 62 places in Arkansas with more than 5,000 people.

Here are the 10 most expensive places to live in Arkansas for 2021:

  1. Fayetteville
  2. Conway
  3. North Little Rock
  4. Little Rock
  5. Russellville
  6. Searcy
  7. Hot Springs
  8. Greenbrier
  9. Jonesboro
  10. Farmington

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 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 2021

1. FayettevilleFayetteville, AR

Overall SnackAbility

7
/10

Population: 85,166
Rank Last Year: 1 (No Change)
Home Price To Income Ratio: 4.8x (most expensive)
Income To Rent Ratio: 54.7x (16th most expensive)
More on Fayetteville: Real Estate | Data | Photos

The median income in Fayetteville comes in at $43,690 and the median home value is $207,600 for 2021.

2. ConwayConway, AR

Overall SnackAbility

6
/10

Population: 66,127
Rank Last Year: 5 (Up 3)
Home Price To Income Ratio: 3.6x (3rd most expensive)
Income To Rent Ratio: 57.2x (2most expensive)
More on Conway: Real Estate | Data | Photos

The median income in Conway comes in at $47,221 and the median home value is $171,600 for 2021.

3. North Little RockNorth Little Rock, AR

Overall SnackAbility

4
/10

Population: 66,075
Rank Last Year: 2 (Down 1)
Home Price To Income Ratio: 3.1x (12th most expensive)
Income To Rent Ratio: 51.2x (8th most expensive)
More on North Little Rock: Real Estate | Data | Photos

The median income in North Little Rock comes in at $43,703 and the median home value is $135,200 for 2021.

4. Little RockLittle Rock, AR

Overall SnackAbility

6
/10

Population: 197,958
Rank Last Year: 8 (Up 5)
Home Price To Income Ratio: 3.3x (10th most expensive)
Income To Rent Ratio: 59.0x (26th most expensive)
More on Little Rock: Real Estate | Data | Photos

The median income in Little Rock comes in at $51,485 and the median home value is $167,600 for 2021.

5. RussellvilleRussellville, AR

Overall SnackAbility

4
/10

Population: 29,193
Rank Last Year: 6 (Up 1)
Home Price To Income Ratio: 3.5x (6th most expensive)
Income To Rent Ratio: 54.2x (13th most expensive)
More on Russellville: Real Estate | Data | Photos

The median income in Russellville comes in at $36,562 and the median home value is $128,300 for 2021.

6. SearcySearcy, AR

Overall SnackAbility

6
/10

Population: 23,767
Rank Last Year: 2 (Down 4)
Home Price To Income Ratio: 3.5x (5th most expensive)
Income To Rent Ratio: 57.4x (23rd most expensive)
More on Searcy: Real Estate | Data | Photos

The median income in Searcy comes in at $41,014 and the median home value is $145,000 for 2021.

7. Hot SpringsHot Springs, AR

Overall SnackAbility

3
/10

Population: 38,559
Rank Last Year: 4 (Down 3)
Home Price To Income Ratio: 3.3x (9th most expensive)
Income To Rent Ratio: 51.7x (9th most expensive)
More on Hot Springs: Real Estate | Data | Photos

The median income in Hot Springs comes in at $37,552 and the median home value is $122,900 for 2021.

8. Greenbrier

Overall SnackAbility

5
/10

Population: 5,478
Rank Last Year: 6 (Down 2)
Home Price To Income Ratio: 3.0x (15th most expensive)
Income To Rent Ratio: 55.5x (17th most expensive)
More on Greenbrier: Real Estate | Data

The median income in Greenbrier comes in at $47,028 and the median home value is $141,200 for 2021.

9. JonesboroJonesboro, AR

Source: Public domain
Overall SnackAbility

5
/10

Population: 76,036
Rank Last Year: 9 (No Change)
Home Price To Income Ratio: 3.3x (7th most expensive)
Income To Rent Ratio: 60.1x (32nd most expensive)
More on Jonesboro: Real Estate | Data | Photos

The median income in Jonesboro comes in at $45,931 and the median home value is $152,900 for 2021.

10. FarmingtonFarmington, AR

Overall SnackAbility

6
/10

Population: 6,992
Rank Last Year: 11 (Up 2)
Home Price To Income Ratio: 3.1x (13th most expensive)
Income To Rent Ratio: 61.3x (35th most expensive)
More on Farmington: Real Estate | Data | Photos

The median income in Farmington comes in at $57,586 and the median home value is $176,600 for 2021.

How We Determined The Most Expensive Places To Live In The Natural State For 2021

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 2015-2019 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 62 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.

Taking A Chunk Out Of Your Paycheck In Arkansas For 2021

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. Stuttgart
  3. Blytheville

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 85,166 4.8x 54.7x
2 Conway 10.33 66,127 3.6x 57.2x
3 North Little Rock 14.67 66,075 3.1x 51.2x
4 Little Rock 14.67 197,958 3.3x 59.0x
5 Russellville 15.33 29,193 3.5x 54.2x
6 Searcy 16.0 23,767 3.5x 57.4x
7 Hot Springs 16.33 38,559 3.3x 51.7x
8 Greenbrier 17.67 5,478 3.0x 55.5x
9 Jonesboro 18.0 76,036 3.3x 60.1x
10 Farmington 18.0 6,992 3.1x 61.3x
11 Arkadelphia 18.33 10,670 3.7x 56.3x
12 Texarkana 20.33 29,901 3.0x 53.6x
13 Mountain Home 21.33 12,393 3.1x 58.9x
14 Alma 23.0 5,742 3.6x 66.6x
15 Morrilton 23.33 6,645 3.0x 52.0x
16 Helena-West Helena 23.33 10,749 3.3x 38.1x
17 Magnolia 24.5 11,562 2.9x 48.4x
18 Rogers 24.67 66,344 2.9x 68.5x
19 Springdale 25.67 79,598 3.0x 64.8x
20 Clarksville 27.0 9,601 2.9x 57.1x
21 Bentonville 27.67 49,467 2.9x 84.2x
22 Siloam Springs 28.33 16,715 2.9x 63.3x
23 West Memphis 28.67 24,823 2.6x 46.8x
24 Monticello 28.67 9,508 2.7x 54.3x
25 Fort Smith 28.67 87,743 2.9x 60.9x
26 Heber Springs 29.0 6,992 2.9x 60.0x
27 Jacksonville 30.67 28,456 2.6x 59.5x
28 Paragould 31.0 28,568 2.8x 64.0x
29 Osceola 31.0 6,908 2.6x 49.1x
30 Centerton 31.33 14,203 2.5x 69.3x
31 Maumelle 31.67 18,142 2.7x 88.9x
32 Malvern 32.0 10,920 2.8x 57.3x
33 Harrison 33.33 13,063 2.9x 65.0x
34 Cabot 33.33 26,217 2.5x 70.0x
35 Mena 33.67 5,558 2.5x 53.5x
36 Bryant 34.33 20,231 2.5x 75.6x
37 Beebe 35.67 8,078 2.6x 64.0x
38 Sherwood 36.0 31,004 2.5x 75.7x
39 Benton 36.0 35,679 2.5x 74.2x
40 Batesville 37.0 10,706 2.8x 75.6x
41 Van Buren 37.67 23,413 2.5x 63.1x
42 Newport 37.67 7,616 2.4x 50.7x
43 Pine Bluff 38.67 43,091 2.2x 47.8x
44 Lowell 38.67 9,175 2.3x 81.9x
45 Pea Ridge 39.0 5,717 2.1x 62.1x
46 White Hall 39.33 5,078 2.2x 80.3x
47 Prairie Grove 39.67 5,845 2.4x 83.6x
48 Pocahontas 40.0 6,528 2.3x 55.9x
49 Camden 40.33 10,999 2.5x 59.1x
50 Forrest City 40.67 14,285 2.1x 48.8x
51 Greenwood 41.0 9,387 2.4x 77.3x
52 Warren 42.33 5,646 2.2x 58.3x
53 Marion 43.67 12,404 2.1x 85.5x
54 Hope 44.0 9,768 2.1x 54.3x
55 Trumann 45.17 7,059 2.3x 64.2x
56 Wynne 45.83 7,934 2.1x 59.7x
57 El Dorado 48.0 17,982 2.1x 62.6x
58 Berryville 49.0 5,442 2.3x 83.5x
59 Walnut Ridge 50.5 5,098 2.2x 70.3x
60 Blytheville 50.67 14,011 2.0x 60.7x
61 Stuttgart 52.0 8,720 2.1x 69.7x
62 De Queen 52.0 6,556 2.1x 64.6x

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.