El Dorado, AR

Very Low · 51

Arkansas · Population 17,382 · Updated March 2026

$845
Median Rent / Month
$45,159
Median Income
$113,100
Median Home Value
$832
Owner Costs / Month

Affordability

How far your income goes in El Dorado

22.5%
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

$10,140
Annual Rent
$1,987
State Income Tax
$701
Property Tax (est.)

Cost of Living Overview

El Dorado is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 51 (where 100 equals the national median), El Dorado residents can expect to pay median rent of $845/month while earning a median household income of $45,159/year.

The median home value in El Dorado, AR is $113,100, with typical monthly owner costs around $832 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.5% 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 El Dorado.

Frequently Asked Questions

Common questions about living costs in El Dorado

What is the cost of living in El Dorado, AR?
The cost of living index in El Dorado, AR is 51 (US average = 100). Median monthly rent is $845, median household income is $45,159/year, and the median home value is $113,100.
Is El Dorado, AR affordable?
Yes, El Dorado is more affordable than the national average with a cost index of 51. The rent-to-income ratio is 22.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in El Dorado, AR?
The median gross rent in El Dorado, AR is $845 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,140.
What is the median household income in El Dorado?
The median household income in El Dorado, AR is $45,159 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%.