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)
How Faulkner County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Faulkner County ranks #2,547 of 3,144 counties for affordability (bottom 19%)
Data Story
About Cost of Living in Faulkner County, Arkansas
Faulkner County: Arkansas' growth leader
Faulkner County's 18.1% rent-to-income ratio matches Arkansas' state average exactly, but the county's higher median household income of $65,071 and elevated home values reflect regional growth. With median rents at $980 monthly, Faulkner is the region's priciest market, attracting higher-income households and professionals.
Mid-range affordability with higher income
Faulkner County's 18.1% rent-to-income ratio matches the state average, but the county's median household income of $65,071 exceeds most Arkansas counties. This higher income base supports the region's above-average housing costs, making it accessible primarily to professional and management-level workers.
Premium pricing for growth county
Faulkner County's median rent of $980 is the highest among all comparison counties—$152 more than Crittenden County and $354 more than Dallas County. Home values reach $211,300, the region's highest, reflecting Faulkner's status as a growth and education hub (Conway, home to multiple universities, anchors the county).
Higher income supports higher costs
Renters allocate 18.1% of their $65,071 median household income to $980 monthly rent, while homeowners pay $1,026 monthly (18.9%) for properties valued at $211,300. Despite the high absolute costs, Faulkner households retain greater disposable income than lower-income counties thanks to superior earning power.
Faulkner for career builders
Relocate to Faulkner County if your household income exceeds $60,000 or if you're pursuing education or professional opportunities in Conway's growing economy. The county's higher costs reflect genuine quality-of-life improvements and employment prospects unavailable elsewhere in the region.
Cost of Living Advisory: Faulkner County
Affordability Verdict
Housing in Faulkner County is affordable. The median rent is $980/month against a median household income of $65,071, putting rent at 18.1% of income.
Rent vs. Own
At $980/month rent versus $1,026/month in owner costs, renting is roughly $46/month cheaper — a 4% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $39,200/year. For owner costs at the 28% rule, the required income is roughly $43,971/year. With a median household income of $65,071, most households can comfortably afford rent here. Notably, 28.0% of renter households in Faulkner County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Faulkner County sits 5% less expensive than Pulaski County ($1,036/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Faulkner County
Rent Burden
18.1%
of gross income
Max Housing (28% Rule)
$1,518
per month
Owner Cost Burden
18.9%
of gross income
The median home in Faulkner County may be a stretch
Median home value is $211,300. Estimated monthly cost: $1,687 vs. your max of $1,518.
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
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 (2019-2023) — Informational only. Not financial or legal advice.
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