Cost of Living in Jasper, AR

With a cost of living index of 66, Jasper, AR is one of the most affordable cities in the country. Living here is 34% cheaper than the national average and 4% below the Arkansas state average of 70. Jasper is a small community of 462 residents.

Housing costs are the biggest factor in Jasper's cost of living. The median monthly rent is $665 (50% below the US median of $1,319), and the median home value sits at $185,100 (39% below the national median of $304,900). At current prices, the median home costs roughly 6.5x the median household income — a challenging ratio that puts homeownership out of reach for many residents.

The median household income in Jasper is $28,359, which is 62% lower than the national median of $75,149. Residents spend roughly 28% 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.