Bonanza, AR vs Hazen, AR

Bonanza, AR and Hazen, AR have a very similar cost of living, with only a 4.5% difference in their overall index. Bonanza scores 70 while Hazen scores 67 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 Bonanza is $952/month compared to $889/month in Hazen — a 7% difference. Home values follow the same pattern: Hazen is more affordable at $109,900 median vs $141,300.

Median household income in Bonanza is $59,583 compared to $48,816 in Hazen (+22.1%). While Bonanza is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bonanza spend roughly 19.2% of their income on rent, less than the 21.9% in Hazen.