Hot Springs, AR vs Paragould, AR

Hot Springs, AR and Paragould, AR have a very similar cost of living, with only a 1.3% difference in their overall index. Hot Springs scores 70 while Paragould scores 71 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Hot Springs is $902/month compared to $883/month in Paragould — a 2% difference. Interestingly, home values tell a different story: while Paragould has cheaper rent, Hot Springs actually has lower median home values ($156,900 vs $175,400).

Median household income in Hot Springs is $46,441 compared to $56,181 in Paragould (-17.3%). While Paragould is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hot Springs spend roughly 23.3% of their income on rent, more than the 18.9% in Paragould.