Cost of Living in Grant County, Arkansas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Grant County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Grant County ranks #938 of 3,144 counties for affordability (top 30%)
Data Story
About Cost of Living in Grant County, Arkansas
Grant County offers genuine housing affordability
At 12.9%, Grant County's rent-to-income ratio ranks well below the national benchmark, meaning renters here enjoy one of the most comfortable housing-cost burdens in the nation. The county's median household income of $72,512 nearly matches the national average of $74,755, while median rent remains modest at $779 per month.
Grant ranks as Arkansas's most affordable county
With a rent-to-income ratio of just 12.9%, Grant County significantly outperforms the state average of 18.1%, placing it at the top of the affordability ladder across Arkansas. This exceptional ratio reflects both solid incomes and measured rental costs.
Grant leads the pack on affordability metrics
Grant County's 12.9% rent-to-income ratio beats every neighboring county in this comparison, with only Independence and Hot Spring ($762 and $763 respectively) coming close on rental prices. The combination of higher median income and modest rents makes Grant the clear winner for budget-conscious households.
Grant's balanced housing budget sets it apart
Renters in Grant County spend just $779 monthly—12.9% of a $72,512 median household income—leaving substantial room for savings and other expenses. Homeowners pay $661 per month on properties valued at $154,500, with both groups enjoying a more sustainable relationship between income and housing costs than most Arkansas counties.
Grant County: where affordability meets income stability
If you're relocating in search of genuine housing affordability paired with solid earning potential, Grant County stands out as a rare combination in the Arkansas landscape. The numbers tell a compelling story—compare them to the rest of the state and you'll see why Grant deserves serious consideration.
Cost of Living Advisory: Grant County
Affordability Verdict
Grant County offers affordable rental housing at a median of $779/month — about 12.9% of the typical household income here.
Rent vs. Own
The median rent in Grant County is $779/month, while owner costs run $661/month. Owning saves approximately $118/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $31,160/year. For owner costs at the 28% rule, the required income is roughly $28,329/year. With a median household income of $72,512, most households can comfortably afford rent here. Notably, 30.0% of renter households in Grant County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Compared to Madison County where rent averages $727/month, Grant County is approximately 7% more expensive.
Affordability Calculator
See how your income compares to housing costs in Grant County
Rent Burden
12.9%
of gross income
Max Housing (28% Rule)
$1,692
per month
Owner Cost Burden
10.9%
of gross income
You can likely afford the median home in Grant County
Median home value is $154,500. Estimated monthly cost: $1,233 vs. your max of $1,692.
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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