Farmington, AR vs Lincoln, AR
There is a significant gap in the cost of living between these two cities. Lincoln is 16.1% cheaper than Farmington. With a cost index of 77 vs 90, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Lincoln to Farmington should plan for substantially higher expenses across most categories.
On the housing front, median rent in Farmington is $1,223/month compared to $1,080/month in Lincoln — a 13% difference. Home values follow the same pattern: Lincoln is more affordable at $151,000 median vs $249,900.
Median household income in Farmington is $88,541 compared to $59,688 in Lincoln (+48.3%). While Farmington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farmington spend roughly 16.6% of their income on rent, less than the 21.7% in Lincoln.
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