Cheapest Places to Live in Arkansas

Access hyperlocal data to help you make a confident and informed decision.

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.

Mena Population: 5,638 10% cheaper than Arkansas average

Med. Home Value: $153,622 Med. Rent: $1,000 Med. Household Inc.: $58,540

With a cost of living index that is 10% cheaper than the state average, Mena 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, Mena provides an inviting and cost-effective environment to call home.

Helena-West Helena Population: 10,702 10% cheaper than Arkansas average

Med. Home Value: $138,883 Med. Rent: $862 Med. Household Inc.: $35,168

The second most affordable city in Arkansas is Helena-West Helena and stands out for its cost-effective lifestyle. With an overall cost of living that is 10% 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.

Forrest City Population: 14,474 9% cheaper than Arkansas average

Med. Home Value: $124,227 Med. Rent: $1,060 Med. Household Inc.: $50,238

Forrest City lands in the #3 spot for the cheapest cities to live in Arkansas, with a cost of living that is 9% 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.

Newport Population: 7,828 9% cheaper than Arkansas average

Med. Home Value: $147,395 Med. Rent: $774 Med. Household Inc.: $48,174

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. Newport offers a picturesque and affordable living environment, with a cost of living that is 9% 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 .

Walnut Ridge Population: 5,240 8% cheaper than Arkansas average

Med. Home Value: $148,306 Med. Rent: $833 Med. Household Inc.: $71,716

For those wanting to live well on a budget, Walnut Ridge 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.

Cherokee Village Population: 5,026 8% cheaper than Arkansas average

Med. Home Value: $125,905 Med. Rent: $1,112 Med. Household Inc.: $51,229

Cherokee Village 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 8% 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: 6,845 8% cheaper than Arkansas average

Med. Home Value: $142,453 Med. Rent: $999 Med. Household Inc.: $63,290

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.

Blytheville Population: 14,019 8% cheaper than Arkansas average

Med. Home Value: $145,348 Med. Rent: $991 Med. Household Inc.: $60,738

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. Blytheville fits that mold and has a cost of living that is 8% cheaper than Arkansas.

Osceola Population: 6,937 7% cheaper than Arkansas average

Med. Home Value: $154,011 Med. Rent: $985 Med. Household Inc.: $56,811

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. Osceola is one of the most affordable cities in Arkansas, and has a cost of living that is 7% cheaper than the state average.

West Memphis Population: 25,245 7% cheaper than Arkansas average

Med. Home Value: $153,176 Med. Rent: $1,055 Med. Household Inc.: $48,898

With a cost of living that is 7% cheaper than Arkansas, West Memphis 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	Mena	5,638	78	$153,622	$58,540
2	Helena-West Helena	10,702	78	$138,883	$35,168
3	Forrest City	14,474	78	$124,227	$50,238
4	Newport	7,828	79	$147,395	$48,174
5	Walnut Ridge	5,240	79	$148,306	$71,716
6	Cherokee Village	5,026	79	$125,905	$51,229
7	Pocahontas	6,845	80	$142,453	$63,290
8	Blytheville	14,019	80	$145,348	$60,738
9	Osceola	6,937	80	$154,011	$56,811
10	West Memphis	25,245	80	$153,176	$48,898
11	Wynne	7,975	81	$157,519	$54,530
12	Morrilton	6,893	81	$210,433	$49,639
13	Trumann	7,269	82	$181,703	$58,284
14	Heber Springs	7,368	82	$205,819	$66,456
15	Hope	10,014	83	$153,131	$59,634
16	De Queen	6,743	84	$167,826	$72,917
17	Camden	11,265	84	$146,279	$55,394
18	Russellville	30,049	84	$245,627	$56,384
19	Magnolia	11,803	84	$166,762	$51,791
20	Warren	5,803	85	$152,296	$57,062
21	Batesville	11,006	85	$236,833	$81,826
22	Crossett	5,054	86	$167,185	$63,288
23	Pine Bluff	43,193	86	$133,468	$51,525
24	Greenbrier	5,797	86	$252,531	$73,257
25	Searcy	24,322	86	$265,888	$57,968
26	Berryville	5,744	86	$190,350	$61,969
27	Malvern	11,203	86	$163,409	$52,639
28	Mountain Home	12,739	87	$235,887	$59,716
29	El Dorado	18,461	87	$163,577	$63,968
30	Paragould	29,773	88	$253,408	$72,628
31	Monticello	9,618	88	$186,181	$51,288
32	Stuttgart	8,933	88	$184,405	$73,032
33	Harrison	13,520	88	$208,098	$61,850
34	Texarkana	30,581	89	$223,174	$61,555
35	Arkadelphia	11,027	89	$206,758	$46,960
36	Barling	5,089	89	$169,864	$64,898
37	Clarksville	9,895	90	$226,644	$49,600
38	Conway	69,234	90	$320,817	$71,190
39	Jonesboro	79,653	90	$291,395	$69,432
40	Van Buren	24,502	91	$235,256	$71,587
41	Fort Smith	90,724	91	$236,901	$67,947
42	Marion	12,792	92	$301,653	$114,784
43	Alma	6,029	92	$260,274	$52,416
44	Hot Springs	39,496	92	$226,000	$59,940
45	Greenwood	9,615	92	$240,542	$83,642
46	Beebe	8,440	92	$243,981	$78,086
47	Jacksonville	29,495	92	$226,890	$71,697
48	Ward	5,316	93	$213,737	$95,174
49	Siloam Springs	17,596	94	$275,230	$78,818
50	Sheridan	5,023	94	$285,567	$69,548

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

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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.