Cost of Living in Humphrey, AR

With a cost of living index of 52, Humphrey, AR is one of the most affordable cities in the country. Living here is 48% cheaper than the national average and 19% below the Arkansas state average of 70. Humphrey is a small community of 184 residents.

Housing costs are the biggest factor in Humphrey's cost of living. The median monthly rent is $513 (61% below the US median of $1,319), and the median home value sits at $63,200 (79% 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 Humphrey is $21,406, which is 72% 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.