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)
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 Nevada County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Nevada County ranks #863 of 3,142 counties for affordability (top 27%)
Sourced county brief
Nevada County Official Rent-to-Income Percentage Measured at 45.9 Percent
The official ACS B25071 median gross rent as a percentage of household income in Nevada County was 45.9%. This percentage is 17.5 percentage points higher than the Arkansas unweighted county mean official GRAPI of 28.4%. Median gross rent for the county was $869 per month, which is above the state unweighted county mean of $774. The median renter-household income was recorded at $30,247. For residents in owner-occupied units, the median home value was $83,300, appearing below the Arkansas unweighted county mean of $141,465. Median selected monthly owner costs were estimated at $574, while the state unweighted county mean for owner costs was $663. These figures provide a statistical snapshot of housing expenditures as reported in the 2020-2024 ACS 5-year data. 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: Nevada County
Affordability Verdict
ACS B25071 estimates median gross rent at 45.9% of renter household income in Nevada County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $869 per month; median selected monthly owner costs are $574. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $34,760 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. Nevada County's $869 median is 12.3% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Nevada County
Rent Burden
19.4%
of gross income
Max Housing (28% Rule)
$1,257
per month
Owner Cost Burden
12.8%
of gross income
You can likely afford the median home in Nevada County
Median home value is $83,300. Estimated monthly cost: $665 vs. your max of $1,257.
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
What is the cost of living in Nevada County, Arkansas?
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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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