Cost of Living in Evening Shade, AR

With a cost of living index of 60, Evening Shade, AR is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 10% below the Arkansas state average of 70. Evening Shade is a small community of 323 residents.

Housing costs are the biggest factor in Evening Shade's cost of living. The median monthly rent is $619 (53% below the US median of $1,319), and the median home value sits at $122,000 (60% below the national median of $304,900). At current prices, the median home costs roughly 4.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Evening Shade is $27,159, which is 64% lower than the national median of $75,149. Residents spend roughly 27% 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.