| Index | Hot Springs Village | Arkansas | National |
| Cost of living | 102 | 86 | 100 |
| Groceries | 97 | 96 | 100 |
| Health care | 96 | 95 | 100 |
| Housing | 116 | 67 | 100 |
| Transportation | 96 | 94 | 100 |
| Utilities | 93 | 93 | 100 |
| Lifestyle & Entertainment | 93 | 93 | 100 |
| Household Items | 98 | 96 | 100 |
| Education & Childcare | 95 | 92 | 100 |
Knowing the cost of living in Hot Springs Village allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Hot Springs Village stands at 102, marking it 2% higher than the national average.
The cost of living in Hot Springs Village aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, household expenses, health care and utility bills are priced at a level consistent with the average in similar urban areas. Hot Springs Village residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.
The real experts on a city are its residents. That's why we reached out to 11 locals to get their views on the cost of living in Hot Springs Village. We surveyed the residents and asked them if they felt like prices were affordable or out of reach. The results were as follows. 55% found it budget-friendly with decreasing prices, while 45% said it's simply not affordable as prices have continued to rise.
Wondering if Hot Springs Village is affordable? It's a question that often comes up when you're thinking about a new city since affordability can really shape your decisions. The cost of living index (covered earlier), housing expenses and income levels all play a part in the affordability equation. In Hot Springs Village, for example, the median home price is 14.2% higher than what folks pay nationally, and monthly rent is 21.3% higher than the usual rates. Plus, income levels matter too, with Hot Springs Village boasting a median household income of $91,553, which is 12.6% higher than the national average.
Utilities: Like everything else, utilities costs can range significantly depending on factors like climate, energy sources available, location and even state regulations. Things like electricity, water, heating and waste disposal costs can be higher or lower, depending on the city or state. The utilities index in Hot Springs Village comes in at 7% lower than the national average.
Housing: When everyone's vying for homes in popular areas, it drives up property prices and rents, making the overall cost of living surge. On the flip side, in less sought-after locales, where housing demand is low, prices tend to dip, resulting in a more economical cost of living. In Hot Springs Village, the housing index comes in at 16.3% higher than the national average.
Subsidies: Some cities and states may extend government subsidies or aid programs aimed at reducing the cost of living for their residents. These initiatives encompass diverse forms of support, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farm subsidies. Regions with limited subsidy provisions may witness an increase in their overall cost of living.
The cost of living estimates displayed for Hot Springs Village are modeled using a U.S. average baseline of 100, helping provide a useful comparison of local living expenses. Housing calculations include U.S. Census home price and rental data, while all other values are AI-assisted estimates based on regional cost patterns, climate, transportation, and everyday spending expectations. These values are intended for directional comparisons across cities.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $92,652 | $7,721 | $2,162 | $2,780 |
| Renters | $80,955 | $6,746 | $1,889 | $2,429 |
| State | General Sales Tax | With Max Surtax |
| Arkansas | 6.5% | 11.625% |
| State | Income Tax (Low) | Income Tax (High) |
| Arkansas | 2% | 4.9% |
| City | Population | Cost of Living Index | National Avg. |
| Mountain Pine, AR | 536 | 76 | 24.3% |
| Piney, AR | 4,679 | 86 | 14.0% |
| Hot Springs, AR | 39,496 | 88 | 11.6% |
| Lonsdale, AR | 272 | 89 | 11.4% |
| Fountain Lake, AR | 549 | 89 | 10.7% |
| Hot Springs Village, AR | 15,995 | 102 | 1.8% |
| City | Population | Cost of Living Index | National Avg. |
| Sienna Plantation, TX | 15,994 | 124 | 24.3% |
| Summerside, PE | 15,987 | n/a | |
| Ocean Pointe, HI | 16,005 | 190 | 89.6% |
| Addison, TX | 16,007 | 121 | 21.2% |
| Hueytown, AL | 15,979 | 89 | 10.6% |
| Hot Springs Village, AR | 15,995 | 102 | 1.8% |
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