Cost of Living in Cotter, AR

With a cost of living index of 64, Cotter, AR is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 6% below the Arkansas state average of 70. Cotter is a small community of 955 residents.

Housing costs are the biggest factor in Cotter's cost of living. The median monthly rent is $657 (50% below the US median of $1,319), and the median home value sits at $162,000 (47% below the national median of $304,900). At current prices, the median home costs roughly 4.9x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Cotter is $33,250, which is 56% lower than the national median of $75,149. Residents spend roughly 24% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.