Forrest, AR

Very Low · 46

Arkansas · Population 12,826 · Updated March 2026

$795
Median Rent / Month
$33,522
Median Income
$87,800
Median Home Value
$804
Owner Costs / Month

Affordability

How far your income goes in Forrest

28.5%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$9,540
Annual Rent
$1,475
State Income Tax
$544
Property Tax (est.)

Cost of Living Overview

Forrest is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 46 (where 100 equals the national median), Forrest residents can expect to pay median rent of $795/month while earning a median household income of $33,522/year.

The median home value in Forrest, AR is $87,800, with typical monthly owner costs around $804 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.5%, Forrest falls within the generally affordable range, though it's approaching the 30% burden threshold.

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 Forrest.

Frequently Asked Questions

Common questions about living costs in Forrest

What is the cost of living in Forrest, AR?
The cost of living index in Forrest, AR is 46 (US average = 100). Median monthly rent is $795, median household income is $33,522/year, and the median home value is $87,800.
Is Forrest, AR affordable?
Yes, Forrest is more affordable than the national average with a cost index of 46. The rent-to-income ratio is 28.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Forrest, AR?
The median gross rent in Forrest, AR is $795 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,540.
What is the median household income in Forrest?
The median household income in Forrest, AR is $33,522 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%.