Cost of Living in Little Rock, Arkansas
In Little Rock, the median household income is $63,003 and the median gross rent is $1,106/mo, with a median home value of $236,400. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $63,003
- Median gross rent
- $1,106/mo
- Median home value
- $236,400
- Population
- 203,436
How Little Rock compares to the Arkansas average
| Measure | Little Rock, AR | Arkansas statewide | Difference |
|---|---|---|---|
| Median household income | $63,003 | $60,773 | +3.7% |
| Median gross rent (monthly) | $1,106 | $947 | +16.8% |
| Median home value | $236,400 | $188,000 | +25.7% |
Statewide, Arkansas prices average 86.9 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Little Rock
- Salary needed for median rent
- $44,240
- Rent burden at median income
- 21.1%
- Est. affordable home price
- $229,831
So that $1,106/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Little Rock is $236,400 — +2.9% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.