Cost of Living in Hot Springs, AR
Population 37,920 · Census ACS 2020–2024 5-year estimates
The median rent in Hot Springs, AR is $914/month, 3% lower than the Arkansas median and 35% lower than the U.S. median. The median home value is $165,500, 50% lower than the national median. Households earn a median of $47,760 a year, 21% lower than the state median.
Affordability
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Hot Springs vs. Arkansas vs. U.S.
| Hot Springs | Arkansas | U.S. | |
|---|---|---|---|
| Median rent | $914 | $947 | $1,413 |
| Median home value | $165,500 | $188,000 | $332,700 |
| Median household income | $47,760 | $60,773 | $80,734 |
| Homeownership rate | 57.0% | 66.4% | 65.2% |
| Bachelor's degree or higher | 26.1% | 25.7% | 35.7% |
| Poverty rate | 20.5% | 16.0% | 12.5% |
| Unemployment rate | 4.8% | 4.9% | 5.2% |
| Work from home | 6.8% | 8.8% | 15.1% |
| Median age | 45.3 | 38.5 | 38.9 |
FAQ
What is the average rent in Hot Springs, AR?
The median gross rent in Hot Springs, AR is $914 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Hot Springs, AR?
Using the common 30% rule, renting a median-priced home takes about $36,560 a year in gross income.
Is Hot Springs, AR expensive to live in?
Rent there is 35% lower than the U.S. median, and the median home costs about 3.5 times the median household income.
Other cities in Arkansas
Cities with a similar cost of living
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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