Charleston, AR vs Morrilton, AR

Charleston, AR and Morrilton, AR have a very similar cost of living, with only a 0.8% difference in their overall index. Charleston scores 62 while Morrilton scores 62 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 $623/month in Morrilton — a 19% difference. Interestingly, home values tell a different story: while Morrilton has cheaper rent, Charleston actually has lower median home values ($116,500 vs $150,900).

Median household income in Charleston is $60,058 compared to $38,056 in Morrilton (+57.8%). Charleston offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Charleston spend roughly 14.7% of their income on rent, less than the 19.6% in Morrilton.