Cheapest Places to Live in Arkansas

Arkansas, with its lush landscapes, rolling hills, and rich cultural history, presents an inviting and affordable living environment. The state offers a variety of activities, from outdoor adventures in the Ozarks to exploring historical sites like the Clinton Presidential Library and the Crystal Bridges Museum of American Art. The economic landscape of Arkansas is diverse, with significant contributions from agriculture, manufacturing, and retail sectors. Despite facing economic challenges, Arkansas maintains a number of areas where the cost of living remains relatively low due to its low housing costs and relatively low overall expenses. The state’s tax structure, which includes a moderate income tax and lower property taxes compared to many other states, adds to its affordability. However, recent inflation and food cost increases have impacted the cost of living, emphasizing the importance of finding areas where living expenses are more manageable.

Affordable living in Arkansas is often found in smaller towns and rural communities where housing prices and daily expenses are lower. These areas provide a financial respite for residents, allowing them to enjoy a higher quality of life without excessive financial burden. The significance of affordability in livability is paramount, as it enables residents to live comfortably and securely. Factors contributing to affordable living include stable housing markets, supportive local economic policies, and effective community support systems. The C2ER's cost of living data is instrumental in highlighting these affordable regions, guiding potential residents in making informed decisions. In a state known for its natural beauty and cultural richness, finding the cheapest places to live in Arkansas enhances the overall living experience, making it a desirable place for those seeking both economic and lifestyle benefits.

Warren Population: 5,596 10% cheaper than Arkansas average

Med. Home Value: $84,100 Med. Rent: $615 Med. Household Inc.: $38,214

With a cost of living index that is 10% cheaper than the state average, Warren is the cheapest place to live in Arkansas. This area offers residents a remarkable blend of relatively low housing costs, budget-friendly grocery prices, affordable utilities, and economical health care services, making it an attractive destination for those seeking to stretch their dollars further. Whether you're a young professional, a growing family, or someone looking to enjoy a more relaxed pace of life, Warren provides an inviting and cost-effective environment to call home.

Newport Population: 7,552 8% cheaper than Arkansas average

Med. Home Value: $83,700 Med. Rent: $513 Med. Household Inc.: $32,783

The second most affordable city in Arkansas is Newport and stands out for its cost-effective lifestyle. With an overall cost of living that is 8% cheaper than the Arkansas average, overall goods and services, housing, utilities, transportation and health care costs fall within a reasonable range. Median household income levels are steady and come in at , which helps to increase the purchasing power of the local residents.

Walnut Ridge Population: 5,104 8% cheaper than Arkansas average

Med. Home Value: $80,700 Med. Rent: $556 Med. Household Inc.: $48,266

Walnut Ridge lands in the #3 spot for the cheapest cities to live in Arkansas, with a cost of living that is 8% cheaper than the state average. With home prices averaging and rental rates coming in around , it helps that household income levels average about , which assists with paying the mortgage or your monthly rent. Its robust public school system and accessible health care further enhance its appeal, making it a great place to settle down. The strong community spirit and ample recreational opportunities add to its charm.

El Dorado Population: 17,826 8% cheaper than Arkansas average

Med. Home Value: $92,100 Med. Rent: $720 Med. Household Inc.: $43,409

The cost of everyday grocery items, goods & services and of course housing, can have a significant impact on the overall cost of living in any area. El Dorado offers a picturesque and affordable living environment, with a cost of living that is 8% cheaper than the state average. Everyday items like ground beef , eggs , coffee and pizza are all fairly reasonable compared to most other cities, which helps reduce those grocery bills. Home prices are also fairly affordable (compared to the state average), coming in at around .

Morrilton Population: 6,638 8% cheaper than Arkansas average

Med. Home Value: $114,000 Med. Rent: $601 Med. Household Inc.: $33,313

For those wanting to live well on a budget, Morrilton is ideal, with a cost of living that is 8% cheaper than the state average. Reasonable housing prices (compared to the Arkansas average) of and rental prices of are paired with economical goods and services and a range of free or low-cost recreational activities. The city's proactive economic development initiatives also ensure a steady stream of job opportunities, making it a smart choice for those prioritizing financial ease.

Helena-West Helena Population: 10,487 7% cheaper than Arkansas average

Med. Home Value: $77,800 Med. Rent: $568 Med. Household Inc.: $23,483

Helena-West Helena comes in at #6 on our list of the cheapest cities in Arkansas and is a haven for those seeking affordability without sacrificing convenience. The city is known for its discount shopping centers and budget-friendly dining options and has a cost of living that is 7% cheaper than Arkansas. The city's local markets provide fresh produce and other groceries at reduced prices, while parks and community centers offer free entertainment and leisure. This city is perfect for enjoying a high quality of life at a low cost.

Pocahontas Population: 6,582 7% cheaper than Arkansas average

Med. Home Value: $78,400 Med. Rent: $658 Med. Household Inc.: $42,400

With its cost-effective lifestyle, Pocahontas is an attractive destination for those looking to live affordably. The city boasts suitable housing costs, affordable healthcare, and a variety of budget-friendly dining options. The community is welcoming and vibrant, providing residents with a rich social life at a fraction of the cost. Median income levels come in at , which provides financial stability, purchasing power and increases the quality of life in the city.

Forrest City Population: 14,062 7% cheaper than Arkansas average

Med. Home Value: $67,500 Med. Rent: $703 Med. Household Inc.: $33,062

A lower cost of living allows individuals to manage their expenses more effectively, reducing the risk of financial stress and debt. When essential costs such as housing, food, transportation, and healthcare are more affordable, people can achieve greater financial stability and resilience. Forrest City fits that mold and has a cost of living that is 7% cheaper than Arkansas.

Blytheville Population: 13,735 7% cheaper than Arkansas average

Med. Home Value: $81,900 Med. Rent: $665 Med. Household Inc.: $40,329

Lower living costs can lead to a higher quality of life by making it easier for people to afford comfortable housing, nutritious food, and access to healthcare. It can also provide opportunities for better education, recreational activities, and community engagement, contributing to overall well-being. Blytheville is one of the most affordable cities in Arkansas, and has a cost of living that is 7% cheaper than the state average.

Monticello Population: 9,392 7% cheaper than Arkansas average

Med. Home Value: $105,100 Med. Rent: $661 Med. Household Inc.: $33,802

With a cost of living that is 7% cheaper than Arkansas, Monticello comes in at #10 on our list of the cheapest places to live in Arkansas. Financial stress is a significant factor affecting mental and physical health. By lowering the cost of living, individuals can experience reduced anxiety related to meeting monthly expenses, thereby improving overall health and well-being. The ability to afford basic necessities without constant worry contributes to a more balanced and fulfilling life.

Full list of the cheapest places in Arkansas

Rank	Location	Population	COL Index	Med. Home Value	Med. Household Inc.
1	Warren	5,596	77	$84,100	$38,214
2	Newport	7,552	79	$83,700	$32,783
3	Walnut Ridge	5,104	79	$80,700	$48,266
4	El Dorado	17,826	79	$92,100	$43,409
5	Morrilton	6,638	79	$114,000	$33,313
6	Helena-West Helena	10,487	79	$77,800	$23,483
7	Pocahontas	6,582	80	$78,400	$42,400
8	Forrest City	14,062	80	$67,500	$33,062
9	Blytheville	13,735	80	$81,900	$40,329
10	Monticello	9,392	80	$105,100	$33,802
11	Heber Springs	7,156	81	$117,400	$43,946
12	Osceola	6,786	81	$87,500	$37,871
13	West Memphis	24,656	82	$86,100	$32,601
14	Camden	10,877	82	$79,800	$37,842
15	Wynne	7,773	82	$87,600	$36,310
16	Trumann	7,000	82	$103,500	$39,005
17	Russellville	29,227	82	$133,100	$37,436
18	Hope	9,668	84	$83,700	$39,793
19	Malvern	10,886	84	$89,300	$35,833
20	Mena	5,524	84	$87,200	$38,778
21	De Queen	6,499	84	$91,300	$48,068
22	Mountain Home	12,463	84	$129,300	$40,351
23	Searcy	23,673	84	$145,900	$39,650
24	Greenbrier	5,592	84	$141,400	$49,420
25	Berryville	5,594	85	$104,100	$42,156
26	Magnolia	11,537	85	$93,800	$34,107
27	Pine Bluff	42,323	85	$74,900	$34,410
28	Batesville	10,749	86	$132,900	$53,974
29	Arkadelphia	10,670	86	$114,100	$31,643
30	Paragould	28,821	87	$137,400	$48,276
31	Harrison	13,124	88	$115,200	$41,393
32	Stuttgart	8,617	88	$101,100	$49,736
33	Conway	66,776	89	$179,400	$47,999
34	Clarksville	9,661	89	$128,800	$32,842
35	Hot Springs	38,697	89	$127,500	$40,125
36	Texarkana	29,864	89	$127,500	$41,873
37	Van Buren	23,600	90	$128,700	$48,546
38	Jonesboro	77,391	90	$161,500	$47,062
39	Fort Smith	87,788	90	$132,800	$45,233
40	Alma	5,816	91	$145,600	$35,352
41	Greenwood	9,392	91	$135,300	$57,078
42	Beebe	8,131	91	$133,500	$52,068
43	Marion	12,371	92	$163,500	$77,929
44	Jacksonville	28,442	92	$126,900	$48,587
45	Ward	5,195	93	$121,800	$64,737
46	Siloam Springs	17,031	93	$153,400	$52,073
47	Springdale	80,433	94	$161,000	$51,868
48	East End	6,150	94	$147,100	$70,087
49	North Little Rock	66,079	94	$144,100	$43,831
50	Benton	36,360	95	$148,700	$59,994

Methodology

To formulate the list of the cheapest places to live in Arkansas, AreaVibes utilized comprehensive data from the Council for Community and Economic Research (C2ER) cost of living index. The report is released annually and offers a detailed comparison of living expenses across various urban areas. The data is meticulously gathered by over 300 independent researchers, ensuring a high level of accuracy and reliability. The C2ER index encompasses more than 60 goods and services, categorized into six essential areas that significantly impact the cost of living. These categories and their respective weightings in the index are as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%), and utilities (10%).

Map of Cost of Living by State

Well Below nat. avg.
Below nat. avg.
Similar to nat. avg.
Above nat. avg.
Well above nat. avg.

The map above is a great way to help you discover the most affordable states across the U.S. By highlighting states with the lowest cost of living, this map provides an in-depth look at where you can get the most value for your money. By visually representing this data, the map allows users to easily compare different regions and make informed decisions about potential relocations or investments. Additionally, it provides valuable insights into the economic conditions and lifestyle factors that influence these cost of living statistics. Whether you're planning a move, considering a new job, or simply curious about the economic landscape, this map is a useful resource for understanding and navigating the financial implications of living in different states.