Cost of Living in Rison, AR
Population: 966 | Arkansas
Rison is 44% less expensive than the national average.
Cost of Living in Rison, AR: What You Need to Know
With a cost of living index of 56, Rison, AR is one of the most affordable cities in the country. Living here is 44% cheaper than the national average and 14% below the Arkansas state average of 70. Rison is a small community of 966 residents.
Housing costs are the biggest factor in Rison's cost of living. The median monthly rent is $519 (61% below the US median of $1,319), and the median home value sits at $115,600 (62% below the national median of $304,900). At current prices, the median home costs roughly 4.6x the median household income — a stretch for many buyers, though not uncommon in today's market.
The median household income in Rison is $24,911, which is 67% lower than the national median of $75,149. Residents spend roughly 25% 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.
Income
- Median Household Income
- $24,911
- vs US Median ($75,149)
- -67%
Housing
- Median Rent
- $519/mo
- Median Home Value
- $115,600
- Median Monthly Housing Cost
- $623/mo