Hot Springs Village, AR vs Paragould, AR

There is a significant gap in the cost of living between these two cities. Paragould is 22.1% cheaper than Hot Springs Village. With a cost index of 71 vs 87, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Paragould to Hot Springs Village should plan for substantially higher expenses across most categories.

On the housing front, median rent in Hot Springs Village is $1,167/month compared to $883/month in Paragould — a 32% difference. Home values follow the same pattern: Paragould is more affordable at $175,400 median vs $262,000.

Median household income in Hot Springs Village is $69,953 compared to $56,181 in Paragould (+24.5%). While Hot Springs Village 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 Village spend roughly 20% of their income on rent, more than the 18.9% in Paragould.