Hot Springs Village, AR vs Pea Ridge, AR

Hot Springs Village is moderately more affordable than Pea Ridge, with a 8.7% lower cost of living index. Hot Springs Village scores 87 compared to 95 for Pea Ridge, where the US average is 100. This difference means residents of Pea Ridge can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hot Springs Village is $1,167/month compared to $1,395/month in Pea Ridge — a 16% difference. Interestingly, home values tell a different story: while Hot Springs Village has cheaper rent, Pea Ridge actually has lower median home values ($255,600 vs $262,000).

Median household income in Hot Springs Village is $69,953 compared to $93,627 in Pea Ridge (-25.3%). While Pea Ridge 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 17.9% in Pea Ridge.