Lewisville, AR vs Oak Grove, AR

Lewisville, AR and Oak Grove, AR have a very similar cost of living, with only a 3.4% difference in their overall index. Lewisville scores 61 while Oak Grove scores 63 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 $688/month in Oak Grove — a 17% difference. Interestingly, home values tell a different story: while Oak Grove has cheaper rent, Lewisville actually has lower median home values ($72,500 vs $141,300).

Median household income in Lewisville is $24,552 compared to $45,781 in Oak Grove (-46.4%). While Oak Grove 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 18% in Oak Grove. The Oak Grove ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.