Cost of Living in Lafayette 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 Lafayette County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Lafayette County ranks #302 of 3,142 counties for affordability (top 10%)
Sourced county brief
Lafayette County official GRAPI lower than state unweighted mean
Lafayette County official median gross rent as a percentage of household income (GRAPI) was 23.9%. This figure is 4.5 percentage points lower than the Arkansas unweighted county mean GRAPI of 28.4%. The median gross rent was $755 per month, which is below the state unweighted county mean of $774. Median selected monthly owner costs were $509, compared to an Arkansas unweighted county mean of $663. The median home value was $81,000, while the state unweighted county mean was $141,465. Renter-households in the county had a median income of $31,750. This reporting is based on the U.S. Census Bureau ACS 2020-2024 5-Year 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: Lafayette County
Affordability Verdict
ACS B25071 estimates median gross rent at 23.9% of renter household income in Lafayette 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 $755 per month; median selected monthly owner costs are $509. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $30,200 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. Lafayette County's $755 median is 2.5% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Lafayette County
Rent Burden
21.9%
of gross income
Max Housing (28% Rule)
$963
per month
Owner Cost Burden
14.8%
of gross income
You can likely afford the median home in Lafayette County
Median home value is $81,000. Estimated monthly cost: $647 vs. your max of $963.
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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