Cost of Living in Hardy, AR

With a cost of living index of 51, Hardy, AR is one of the most affordable cities in the country. Living here is 49% cheaper than the national average and 20% below the Arkansas state average of 70. Hardy is a small community of 853 residents.

Housing costs are the biggest factor in Hardy's cost of living. The median monthly rent is $485 (63% below the US median of $1,319), and the median home value sits at $59,300 (81% below the national median of $304,900). At current prices, the median home costs roughly 1.8x the median household income — well within traditional affordability guidelines.

The median household income in Hardy is $33,500, which is 55% lower than the national median of $75,149. Residents spend roughly 17% 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.