Arkansas · Population 202,739 · Updated March 2026
How far your income goes in Little Rock
State-level tax rates that affect your costs
Little Rock is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 74 (where 100 equals the national median), Little Rock residents can expect to pay median rent of $1,067/month while earning a median household income of $60,583/year.
The median home value in Little Rock, AR is $221,200, with typical monthly owner costs around $1,099 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.1% 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 Little Rock.
Common questions about living costs in Little Rock
Similar-sized cities to compare
Compare the cost of living in Little Rock, AR with 299 other major U.S. cities