Colt, AR vs Perryville, AR

Colt, AR and Perryville, AR have a very similar cost of living, with only a 2.2% difference in their overall index. Colt scores 60 while Perryville scores 59 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 $589/month in Perryville — a 19% difference. Interestingly, home values tell a different story: while Perryville has cheaper rent, Colt actually has lower median home values ($94,200 vs $116,700).

Median household income in Colt is $21,563 compared to $59,531 in Perryville (-63.8%). Perryville offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Colt spend roughly 39.1% of their income on rent, more than the 11.9% in Perryville. The Perryville ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.