Cost of Living in West Memphis, AR
Population 23,929 · Census ACS 2020–2024 5-year estimates
The median rent in West Memphis, AR is $870/month, 8% lower than the Arkansas median and 38% lower than the U.S. median. The median home value is $120,100, 64% lower than the national median. Households earn a median of $42,674 a year, 30% lower than the state median.
Affordability
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West Memphis vs. Arkansas vs. U.S.
| West Memphis | Arkansas | U.S. | |
|---|---|---|---|
| Median rent | $870 | $947 | $1,413 |
| Median home value | $120,100 | $188,000 | $332,700 |
| Median household income | $42,674 | $60,773 | $80,734 |
| Homeownership rate | 46.1% | 66.4% | 65.2% |
| Bachelor's degree or higher | 13.9% | 25.7% | 35.7% |
| Poverty rate | 29.1% | 16.0% | 12.5% |
| Unemployment rate | 14.5% | 4.9% | 5.2% |
| Work from home | 6.4% | 8.8% | 15.1% |
| Median age | 34.1 | 38.5 | 38.9 |
FAQ
What is the average rent in West Memphis, AR?
The median gross rent in West Memphis, AR is $870 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in West Memphis, AR?
Using the common 30% rule, renting a median-priced home takes about $34,800 a year in gross income.
Is West Memphis, AR expensive to live in?
Rent there is 38% lower than the U.S. median, and the median home costs about 2.8 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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