Malvern, AR vs Shannon Hills, AR

There is a significant gap in the cost of living between these two cities. Malvern is 27.7% cheaper than Shannon Hills. With a cost index of 61 vs 84, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Malvern to Shannon Hills should plan for substantially higher expenses across most categories.

On the housing front, median rent in Malvern is $760/month compared to $1,277/month in Shannon Hills — a 41% difference. Home values follow the same pattern: Malvern is more affordable at $95,500 median vs $175,200.

Median household income in Malvern is $40,602 compared to $69,413 in Shannon Hills (-41.5%). While Shannon Hills is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Malvern spend roughly 22.5% of their income on rent, more than the 22.1% in Shannon Hills.