Hot Springs Village, AR vs Prairie Grove, AR

Prairie Grove is moderately more affordable than Hot Springs Village, with a 10.3% lower cost of living index. Hot Springs Village scores 87 compared to 79 for Prairie Grove, where the US average is 100. This difference means residents of Hot Springs Village 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 $933/month in Prairie Grove — a 25% difference. Home values follow the same pattern: Prairie Grove is more affordable at $226,800 median vs $262,000.

Median household income in Hot Springs Village is $69,953 compared to $58,556 in Prairie Grove (+19.5%). 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 19.1% in Prairie Grove.