Colt, AR vs Diaz, AR

Colt, AR and Diaz, AR have a very similar cost of living, with only a 3.5% difference in their overall index. Colt scores 60 while Diaz 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 Colt is $703/month compared to $800/month in Diaz — a 12% difference. Interestingly, home values tell a different story: while Colt has cheaper rent, Diaz actually has lower median home values ($85,200 vs $94,200).

Median household income in Colt is $21,563 compared to $46,473 in Diaz (-53.6%). While Diaz is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Colt spend roughly 39.1% of their income on rent, more than the 20.7% in Diaz. The Diaz ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.