Booneville, AR vs Malvern, AR

Booneville, AR and Malvern, AR have a very similar cost of living, with only a 2.6% difference in their overall index. Booneville scores 59 while Malvern scores 61 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 Booneville is $727/month compared to $760/month in Malvern — a 4% difference. Home values follow the same pattern: Booneville is more affordable at $91,800 median vs $95,500.

Median household income in Booneville is $49,653 compared to $40,602 in Malvern (+22.3%). Booneville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Booneville spend roughly 17.6% of their income on rent, less than the 22.5% in Malvern.