Berryville, AR vs Melbourne, AR

Berryville, AR and Melbourne, AR have a very similar cost of living, with only a 2% difference in their overall index. Berryville scores 68 while Melbourne scores 66 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Berryville is $798/month compared to $620/month in Melbourne — a 29% difference. Interestingly, home values tell a different story: while Melbourne has cheaper rent, Berryville actually has lower median home values ($153,500 vs $203,000).

Median household income in Berryville is $39,548 compared to $34,303 in Melbourne (+15.3%). While Berryville is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Berryville spend roughly 24.2% of their income on rent, more than the 21.7% in Melbourne.