Cost of Living in Mammoth Spring, AR

With a cost of living index of 49, Mammoth Spring, AR is one of the most affordable cities in the country. Living here is 51% cheaper than the national average and 21% below the Arkansas state average of 70. Mammoth Spring is a small community of 871 residents.

Housing costs are the biggest factor in Mammoth Spring's cost of living. The median monthly rent is $329 (75% below the US median of $1,319), and the median home value sits at $99,400 (67% 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 Mammoth Spring is $30,800, which is 59% 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.