Cost of Living in Moorefield, AR

With a cost of living index of 80, Moorefield, AR is a very affordable place to live. Living here is 20% cheaper than the national average and 10% above the Arkansas state average of 70. Moorefield is a small community of 115 residents.

Housing costs are the biggest factor in Moorefield's cost of living. The median monthly rent is $1,071 (19% below the US median of $1,319), and the median home value sits at $200,000 (34% 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 Moorefield is $65,833, which is 12% lower than the national median of $75,149. Residents spend roughly 20% 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.