Lewisville, AR vs Midland, AR

Lewisville, AR and Midland, AR have a very similar cost of living, with only a 4.8% difference in their overall index. Lewisville scores 61 while Midland scores 64 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 Lewisville is $804/month compared to $947/month in Midland — a 15% difference. Interestingly, home values tell a different story: while Lewisville has cheaper rent, Midland actually has lower median home values ($71,100 vs $72,500).

Median household income in Lewisville is $24,552 compared to $36,470 in Midland (-32.7%). While Midland is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lewisville spend roughly 39.3% of their income on rent, more than the 31.2% in Midland. The Midland ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.