Alexander, AR vs Farmington, AR

There is a significant gap in the cost of living between these two cities. Alexander is 16.2% cheaper than Farmington. With a cost index of 75 vs 90, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Alexander to Farmington should plan for substantially higher expenses across most categories.

On the housing front, median rent in Alexander is $1,017/month compared to $1,223/month in Farmington — a 17% difference. Home values follow the same pattern: Alexander is more affordable at $157,700 median vs $249,900.

Median household income in Alexander is $69,022 compared to $88,541 in Farmington (-22%). While Farmington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Alexander spend roughly 17.7% of their income on rent, more than the 16.6% in Farmington.