Cost of Living in Glenwood, AR

With a cost of living index of 59, Glenwood, AR is one of the most affordable cities in the country. Living here is 41% cheaper than the national average and 11% below the Arkansas state average of 70. Glenwood is a small community of 1,746 residents.

Housing costs are the biggest factor in Glenwood's cost of living. The median monthly rent is $645 (51% below the US median of $1,319), and the median home value sits at $108,300 (64% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Glenwood is $33,889, which is 55% lower than the national median of $75,149. Residents spend roughly 23% 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.