Cost of Living in Faulkner 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 Faulkner County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Faulkner County ranks #2,273 of 3,142 counties for affordability (bottom 28%)
Sourced county brief
Faulkner County Median Monthly Owner Costs Reach $1,066
Faulkner County median monthly owner costs were estimated at $1,066 per month during the 2020-2024 ACS period. This figure is above the Arkansas unweighted county mean owner cost of $663. The median home value in the county was $232,700, which is also above the state unweighted county mean of $141,465. Among renters, the median gross rent was $1,005, compared to the unweighted county mean of $774. The official B25071 median gross rent as a percentage of household income (GRAPI) was 28.5%. This measurement is 0.1 percentage points above the Arkansas unweighted county mean official GRAPI of 28.4%. Renter-household median income in the county was recorded at $43,544. These statistics represent a snapshot of local housing costs and income by tenure based on five-year federal estimates. 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: Faulkner County
Affordability Verdict
ACS B25071 estimates median gross rent at 28.5% of renter household income in Faulkner 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 $1,005 per month; median selected monthly owner costs are $1,066. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $40,200 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. Faulkner County's $1,005 median is 29.8% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Faulkner County
Rent Burden
17.9%
of gross income
Max Housing (28% Rule)
$1,570
per month
Owner Cost Burden
19.0%
of gross income
The median home in Faulkner County may be a stretch
Median home value is $232,700. Estimated monthly cost: $1,858 vs. your max of $1,570.
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
What is the cost of living in Faulkner County, Arkansas?
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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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