Cost of Living in Dermott, AR

With a cost of living index of 56, Dermott, AR is one of the most affordable cities in the country. Living here is 44% cheaper than the national average and 14% below the Arkansas state average of 70. Dermott is a small community of 2,727 residents.

Housing costs are the biggest factor in Dermott's cost of living. The median monthly rent is $627 (52% below the US median of $1,319), and the median home value sits at $77,600 (75% below the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Dermott is $25,518, which is 66% lower than the national median of $75,149. Residents spend roughly 29% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability. 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.