Cost of Living in Cotton Plant, AR

With a cost of living index of 50, Cotton Plant, AR is one of the most affordable cities in the country. Living here is 50% cheaper than the national average and 20% below the Arkansas state average of 70. Cotton Plant is a small community of 411 residents.

Housing costs are the biggest factor in Cotton Plant's cost of living. The median monthly rent is $537 (59% below the US median of $1,319), and the median home value sits at $37,000 (88% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Cotton Plant is $12,043, which is 84% lower than the national median of $75,149. Residents spend roughly 54% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents. 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.