Cost of Living in Nevada County, Arkansas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Nevada County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Nevada County ranks #1,388 of 3,144 counties for affordability (top 44%)
Data Story
About Cost of Living in Nevada County, Arkansas
Nevada's affordability crisis looms
Nevada County residents spend 24.2% of their income on rent—a full 6 percentage points above the national average and well above the state's 18.1%. With a median household income of just $41,761 (44% below the U.S. average), Nevada faces a genuine affordability squeeze.
Among Arkansas's least affordable
Nevada ranks among the worst for housing affordability in Arkansas, with a rent-to-income ratio of 24.2% versus the state average of 18.1%. At $841 monthly rent on a median income below $42,000, Nevada residents struggle harder than most Arkansans to afford housing.
Nevada's housing costs exceed peers
Nevada's $841 rent is the highest among its neighbors—exceeding Phillips ($756), Montgomery ($734), and Ouachita ($714). Combined with the county's lowest median income in the region ($41,761), Nevada creates a particularly tight affordability challenge.
Nevada's housing burden by the numbers
Renters spend $841 monthly while homeowners pay $554, but both groups dedicate roughly a quarter of their $41,761 income to housing costs. This leaves limited room for healthcare, food, transportation, and savings—a structural affordability problem.
Nevada: approach with caution on income
Nevada's low rents ($841) attract budget-conscious movers, but the county's lowest median income in the region means housing still commands an outsized share of household budgets. Consider Nevada only if you have stable, above-average income or remote work flexibility.
Cost of Living Advisory: Nevada County
Affordability Verdict
Housing in Nevada County is affordable. The median rent is $841/month against a median household income of $41,761, putting rent at 24.2% of income.
Rent vs. Own
At $841/month rent versus $554/month in owner costs, owning is roughly $287/month cheaper — a 34% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $33,640/year. For owner costs at the 28% rule, the required income is roughly $23,743/year. With a median household income of $41,761, most households can comfortably afford rent here. Notably, 40.0% of renter households in Nevada County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Nevada County sits 8% more expensive than Hempstead County ($781/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Nevada County
Rent Burden
24.2%
of gross income
Max Housing (28% Rule)
$974
per month
Owner Cost Burden
15.9%
of gross income
You can likely afford the median home in Nevada County
Median home value is $85,700. Estimated monthly cost: $684 vs. your max of $974.
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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