Cost of Living in Conway County, Arkansas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Conway County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Conway County ranks #1,648 of 3,144 counties for affordability (bottom 48%)
Data Story
About Cost of Living in Conway County, Arkansas
Conway County rents remain accessible
Conway County's 16.9% rent-to-income ratio sits below Arkansas's state average of 18.1%, placing it among the state's more affordable markets. The median household income of $51,212, though below the national median of $74,755, combines with moderate rents to support stable housing costs.
Conway ranks well for state affordability
Conway County's 16.9% rent-to-income ratio outperforms the state average, positioning it in Arkansas's upper tier for affordability. The $137,000 median home value reflects a reasonable market accessible to working families.
Conway rents balance with state norms
Conway's $721 median rent sits slightly below the state average of $760 and falls between regional peers like Clay ($696) and Cleburne ($853). This middle-ground pricing, combined with solid household income, maintains Conway's competitive position.
Conway renters spend 17% of income
Conway households earning $51,212 annually allocate $721 monthly to rent—approximately 17% of income, maintaining healthy financial flexibility. Homeowners pay $594 monthly, and homes valued at $137,000 provide attainable pathways to ownership for established workers.
Conway suits balanced Arkansas relocators
Conway County offers middle-ground affordability, stable housing values, and accessible market conditions for renters and buyers considering rural Arkansas. If you're comparing Conway to Clay, Cleveland, or Columbia, all rank similarly—Conway edges Clay on home values and balances affordability with development.
Cost of Living Advisory: Conway County
Affordability Verdict
For renters in Conway County, the market is affordable. Expect to pay around $721/month in gross rent, with 33.0% of renter households considered cost-burdened.
Rent vs. Own
The median rent in Conway County is $721/month, while owner costs run $594/month. Owning saves approximately $127/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $28,840/year. For owner costs at the 28% rule, the required income is roughly $25,457/year. With a median household income of $51,212, most households can comfortably afford rent here. Notably, 33.0% of renter households in Conway County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Arkansas, Conway County is less affordable than Grant County by roughly 7% ($721/mo vs $779/mo).
Affordability Calculator
See how your income compares to housing costs in Conway County
Rent Burden
16.9%
of gross income
Max Housing (28% Rule)
$1,195
per month
Owner Cost Burden
13.9%
of gross income
You can likely afford the median home in Conway County
Median home value is $137,000. Estimated monthly cost: $1,094 vs. your max of $1,195.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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