Caraway, AR vs Elm Springs, AR

The cost of living difference between Caraway, AR and Elm Springs, AR is dramatic. Caraway is 43.2% cheaper than Elm Springs, a gap that translates to thousands of dollars per year in household expenses. Caraway has a cost index of 51 while Elm Springs sits at 89, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Caraway is $481/month compared to $908/month in Elm Springs — a 47% difference. Home values follow the same pattern: Caraway is more affordable at $73,800 median vs $362,400.

Median household income in Caraway is $41,667 compared to $112,917 in Elm Springs (-63.1%). While Elm Springs is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Caraway spend roughly 13.9% of their income on rent, more than the 9.6% in Elm Springs.