Charleston, AR vs Lewisville, AR

Charleston, AR and Lewisville, AR have a very similar cost of living, with only a 0.8% difference in their overall index. Charleston scores 62 while Lewisville 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 Charleston is $738/month compared to $804/month in Lewisville — a 8% difference. Interestingly, home values tell a different story: while Charleston has cheaper rent, Lewisville actually has lower median home values ($72,500 vs $116,500).

Median household income in Charleston is $60,058 compared to $24,552 in Lewisville (+144.6%). While Charleston is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Charleston spend roughly 14.7% of their income on rent, less than the 39.3% in Lewisville. The Charleston ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.