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Cost of Living in Benton, AR

Population 36,595 · Census ACS 2020–2024 5-year estimates

Median rent$1,072
Median home value$212,700
Median household income$72,876

The median rent in Benton, AR is $1,072/month, 13% higher than the Arkansas median and 24% lower than the U.S. median. The median home value is $212,700, 36% lower than the national median. Households earn a median of $72,876 a year, 20% higher than the state median.

Affordability

Rent as a share of median income: 17.7%
Income needed for median rent (30% rule): $42,880/yr
Home price-to-income ratio: 2.9×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,076/mo

Run your own numbers: mortgage calculator · hourly to salary

Benton vs. Arkansas vs. U.S.

BentonArkansasU.S.
Median rent$1,072$947$1,413
Median home value$212,700$188,000$332,700
Median household income$72,876$60,773$80,734
Homeownership rate68.2%66.4%65.2%
Bachelor's degree or higher28.3%25.7%35.7%
Poverty rate8.1%16.0%12.5%
Unemployment rate3.4%4.9%5.2%
Work from home9.4%8.8%15.1%
Median age38.138.538.9

FAQ

What is the average rent in Benton, AR?

The median gross rent in Benton, AR is $1,072 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Benton, AR?

Using the common 30% rule, renting a median-priced home takes about $42,880 a year in gross income.

Is Benton, AR expensive to live in?

Rent there is 24% lower than the U.S. median, and the median home costs about 2.9 times the median household income.

Other cities in Arkansas

Little Rock, ARRent $1,106 · Income $63,003Fayetteville, ARRent $1,065 · Income $62,695Fort Smith, ARRent $884 · Income $54,816Springdale, ARRent $1,071 · Income $69,787Jonesboro, ARRent $956 · Income $55,424Rogers, ARRent $1,270 · Income $86,728

Cities with a similar cost of living

Idaho Falls, IDRent $1,075 · Income $73,110Garden City, KSRent $1,052 · Income $72,865West Bend, WIRent $1,076 · Income $74,076Kernersville, NCRent $1,082 · Income $71,918Janesville, WIRent $1,054 · Income $73,446Mandan, NDRent $1,083 · Income $71,780

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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