Cost of Living in Boone County, Arkansas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Boone County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Boone County ranks #716 of 3,142 counties for affordability (top 23%)
Sourced county brief
Boone County Official GRAPI Estimated at 25.0 Percent
The official ACS B25071 median gross rent as a percentage of household income (GRAPI) was 25.0% in Boone County. This canonical rentToIncomePct is 3.4 percentage points below the Arkansas unweighted county mean of 28.4%. Median gross rent was estimated at $733 per month, which is $41 below the state unweighted county mean of $774. The median renter-household income was recorded at $35,822. Regarding homeowners, the median home value was $188,900, which is $47,435 above the Arkansas unweighted county mean of $141,465. Median selected monthly owner costs across all units were $737, which is $74 higher than the state unweighted county mean of $663. These figures represent the 2020-2024 ACS 5-Year Estimates snapshot. This data is provided without predictions for future market changes. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Boone County
Affordability Verdict
ACS B25071 estimates median gross rent at 25.0% of renter household income in Boone County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $733 per month; median selected monthly owner costs are $737. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $29,320 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Arkansas unweighted mean of county median rents is $774 per month. Boone County's $733 median is 5.3% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Boone County
Rent Burden
16.0%
of gross income
Max Housing (28% Rule)
$1,287
per month
Owner Cost Burden
16.0%
of gross income
The median home in Boone County may be a stretch
Median home value is $188,900. Estimated monthly cost: $1,508 vs. your max of $1,287.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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