Hot Springs, AR vs West Memphis, AR

Hot Springs, AR and West Memphis, AR have a very similar cost of living, with only a 4% difference in their overall index. Hot Springs scores 70 while West Memphis scores 68 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 $847/month in West Memphis — a 7% difference. Home values follow the same pattern: West Memphis is more affordable at $119,100 median vs $156,900.

Median household income in Hot Springs is $46,441 compared to $41,860 in West Memphis (+10.9%). 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 Hot Springs spend roughly 23.3% of their income on rent, less than the 24.3% in West Memphis.