Cost of Living in Gillett, AR

With a cost of living index of 61, Gillett, AR is one of the most affordable cities in the country. Living here is 39% cheaper than the national average and 9% below the Arkansas state average of 70. Gillett is a small community of 464 residents.

Housing costs are the biggest factor in Gillett's cost of living. The median monthly rent is $738 (44% below the US median of $1,319), and the median home value sits at $91,900 (70% below the national median of $304,900). At current prices, the median home costs roughly 1.4x the median household income — well within traditional affordability guidelines.

The median household income in Gillett is $67,143, which is 11% lower than the national median of $75,149. Residents spend roughly 13% 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.