Cost of Living in Midway, AR

With a cost of living index of 74, Midway, AR is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 4% above the Arkansas state average of 70. Midway is a small community of 1,296 residents.

Housing costs are the biggest factor in Midway's cost of living. The median monthly rent is $1,043 (21% below the US median of $1,319), and the median home value sits at $140,600 (54% below the national median of $304,900). At current prices, the median home costs roughly 3.7x the median household income — a moderately affordable ratio by today's standards.

The median household income in Midway is $37,875, which is 50% lower than the national median of $75,149. Residents spend roughly 33% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. 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.