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
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.
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
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.