Cost of Living in Prairie Creek, AR

With a cost of living index of 94, Prairie Creek, AR is slightly more affordable than average. Living here is 6% cheaper than the national average and 24% above the Arkansas state average of 70. Prairie Creek is a small community of 2,367 residents.

Housing costs are the biggest factor in Prairie Creek's cost of living. The median monthly rent is $1,069 (19% below the US median of $1,319), and the median home value sits at $360,200 (18% above the national median of $304,900). At current prices, the median home costs roughly 3.8x the median household income — a moderately affordable ratio by today's standards.

The median household income in Prairie Creek is $94,457, which is 26% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Everyday prices in the Fayetteville-Springdale-Rogers, AR (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.