El Dorado, AR vs Ward, AR
There is a significant gap in the cost of living between these two cities. El Dorado is 18.7% cheaper than Ward. With a cost index of 66 vs 81, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from El Dorado to Ward should plan for substantially higher expenses across most categories.
On the housing front, median rent in El Dorado is $845/month compared to $1,147/month in Ward — a 26% difference. Home values follow the same pattern: El Dorado is more affordable at $113,100 median vs $182,100.
Median household income in El Dorado is $45,159 compared to $78,841 in Ward (-42.7%). While Ward is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of El Dorado spend roughly 22.5% of their income on rent, more than the 17.5% in Ward.
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