Cherokee Village, AR vs Hazen, AR

Cherokee Village, AR and Hazen, AR have a very similar cost of living, with only a 1.4% difference in their overall index. Cherokee Village scores 66 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 Cherokee Village is $930/month compared to $889/month in Hazen — a 5% difference. Interestingly, home values tell a different story: while Hazen has cheaper rent, Cherokee Village actually has lower median home values ($86,800 vs $109,900).

Median household income in Cherokee Village is $35,244 compared to $48,816 in Hazen (-27.8%). While Hazen is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cherokee Village spend roughly 31.7% of their income on rent, more than the 21.9% in Hazen. The Hazen ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.