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Cost of Living in Faulkner County, AR

Population 127,717 · Census ACS 2020–2024 5-year estimates

Median rent$1,005
Median home value$232,700
Median household income$67,289

The median rent in Faulkner County, AR is $1,005/month, 6% higher than the Arkansas median and 29% lower than the U.S. median. The median home value is $232,700, 30% lower than the national median. Households earn a median of $67,289 a year, 11% higher than the state median.

Affordability

Rent as a share of median income: 17.9%
Income needed for median rent (30% rule): $40,200/yr
Home price-to-income ratio: 3.5×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,177/mo

Run your own numbers: mortgage calculator · hourly to salary

Faulkner County vs. Arkansas vs. U.S.

Faulkner CountyArkansasU.S.
Median rent$1,005$947$1,413
Median home value$232,700$188,000$332,700
Median household income$67,289$60,773$80,734
Homeownership rate62.3%66.4%65.2%
Bachelor's degree or higher35.0%25.7%35.7%
Poverty rate14.5%16.0%12.5%
Unemployment rate3.4%4.9%5.2%
Work from home8.5%8.8%15.1%
Median age34.138.538.9

FAQ

What is the average rent in Faulkner County, AR?

The median gross rent in Faulkner County, AR is $1,005 per month (ACS 2020–2024 5-year estimate).

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

Using the common 30% rule, renting a median-priced home takes about $40,200 a year in gross income.

Is Faulkner County, AR expensive to live in?

Rent there is 29% lower than the U.S. median, and the median home costs about 3.5 times the median household income.

Other counties in Arkansas

Pulaski County, ARRent $1,080 · Income $62,873Benton County, ARRent $1,277 · Income $93,506Washington County, ARRent $1,071 · Income $70,639Sebastian County, ARRent $886 · Income $57,790Saline County, ARRent $1,033 · Income $79,046Craighead County, ARRent $958 · Income $59,548

Counties with a similar cost of living

Pacific County, WARent $1,005 · Income $67,081Lassen County, CARent $1,000 · Income $67,403Shawnee County, KSRent $1,000 · Income $67,104Llano County, TXRent $998 · Income $67,530Perquimans County, NCRent $1,008 · Income $67,917Androscoggin County, MERent $1,010 · Income $67,873

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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