Benton, AR

Very Low · 69

Arkansas · Population 35,954 · Updated March 2026

$1,003
Median Rent / Month
$69,638
Median Income
$199,400
Median Home Value
$1,051
Owner Costs / Month

Affordability

How far your income goes in Benton

17.3%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Arkansas

State-level tax rates that affect your costs

4.4%
Income Tax (Top Rate)
6.5%
Sales Tax
0.62%
Property Tax Rate

Estimated Annual Costs

$12,036
Annual Rent
$3,064
State Income Tax
$1,236
Property Tax (est.)

Cost of Living Overview

Benton is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 69 (where 100 equals the national median), Benton residents can expect to pay median rent of $1,003/month while earning a median household income of $69,638/year.

The median home value in Benton, AR is $199,400, with typical monthly owner costs around $1,051 including mortgage, insurance, and taxes. The median rent-to-income ratio of 17.3% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Arkansas has a moderate income tax rate of 4.4%. Combined with a 6.5% sales tax rate and 0.62% effective property tax rate, the overall tax environment is a factor in the total cost of living in Benton.

Frequently Asked Questions

Common questions about living costs in Benton

What is the cost of living in Benton, AR?
The cost of living index in Benton, AR is 69 (US average = 100). Median monthly rent is $1,003, median household income is $69,638/year, and the median home value is $199,400.
Is Benton, AR affordable?
Yes, Benton is more affordable than the national average with a cost index of 69. The rent-to-income ratio is 17.3%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Benton, AR?
The median gross rent in Benton, AR is $1,003 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,036.
What is the median household income in Benton?
The median household income in Benton, AR is $69,638 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Arkansas?
Arkansas has a top income tax rate of 4.4%, a sales tax of 6.5%, and an effective property tax rate of 0.62%.