Conway, AR vs Hot Springs, AR

Hot Springs is moderately more affordable than Conway, with a 14.4% lower cost of living index. Conway scores 80 compared to 70 for Hot Springs, where the US average is 100. This difference means residents of Conway can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Conway is $986/month compared to $902/month in Hot Springs — a 9% difference. Home values follow the same pattern: Hot Springs is more affordable at $156,900 median vs $234,600.

Median household income in Conway is $58,461 compared to $46,441 in Hot Springs (+25.9%). While Conway is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Conway spend roughly 20.2% of their income on rent, less than the 23.3% in Hot Springs.