Hazen, AR vs Parkin, AR

There is a significant gap in the cost of living between these two cities. Parkin is 28.5% cheaper than Hazen. With a cost index of 52 vs 67, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Parkin to Hazen should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hazen is $889/month compared to $567/month in Parkin — a 57% difference. Home values follow the same pattern: Parkin is more affordable at $36,700 median vs $109,900.

Median household income in Hazen is $48,816 compared to $25,588 in Parkin (+90.8%). While Hazen is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hazen spend roughly 21.9% of their income on rent, less than the 26.6% in Parkin.