Harrison, AR vs Hot Springs, AR

Harrison is moderately more affordable than Hot Springs, with a 6.4% lower cost of living index. Harrison scores 66 compared to 70 for Hot Springs, where the US average is 100. This difference means residents of Hot Springs can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Harrison is $703/month compared to $902/month in Hot Springs — a 22% difference. Interestingly, home values tell a different story: while Harrison has cheaper rent, Hot Springs actually has lower median home values ($156,900 vs $165,000).

Median household income in Harrison is $40,568 compared to $46,441 in Hot Springs (-12.6%). While Hot Springs is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Harrison spend roughly 20.8% of their income on rent, less than the 23.3% in Hot Springs.