Cost of Living in Phillips County, Arkansas

$756/mo

Median Monthly Rent

$76,200

Median Home Value

1% below state averageUnaffordable

At a Glance

Median Monthly Rent

$756/mo

1% below state average

Median Home Value

$76,200

73% below national

Rent-to-Income Ratio

37.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Phillips County Compares

Median monthly rent comparison

Phillips County$756/mo

Arkansas Average$760/mo

National Median$1,163/mo

Detailed Housing Stats

$756/mo

Median Gross Rent

$76,200

Median Home Value

$550/mo

Monthly Owner Cost

37.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Phillips County, Arkansas

Phillips struggles with affordability

Phillips County residents spend 23.3% of their income on rent—significantly above both the national average and Arkansas's 18.1% state average. On a median household income of just $38,874 (48% below the U.S. average), Phillips faces acute affordability pressure.

Phillips among Arkansas's least affordable

Phillips ranks among the state's least affordable counties, with a 23.3% rent-to-income ratio exceeding the Arkansas average by 5 percentage points. The county's $756 monthly rent consumes a quarter of household income, creating genuine hardship for many residents.

Phillips rents high for the region

Phillips's $756 rent trails only Nevada ($841) regionally, yet ranks second-lowest in median income at $38,874. This combination—high rents paired with the region's lowest incomes except Nevada—creates Phillips's affordability challenge.

Phillips's housing burden by income

Renters spend $756 monthly while homeowners pay $550, with both groups dedicating roughly 23% of their $38,874 income to housing. This burden leaves limited resources for healthcare, food, transportation, and unexpected expenses—a sustainability concern.

Phillips: only for flexible-income relocators

Phillips offers below-average home values ($76,200) and moderate rents, but the county's lowest median income makes housing costs proportionally painful. Consider Phillips only if you have remote work income or above-county-average earnings.

Affordability Calculator

See how your income compares to housing costs in Phillips County

Your Annual Household Income

Rent Burden

23.3%

of gross income

Max Housing (28% Rule)

$907

per month

Owner Cost Burden

17.0%

of gross income

You can likely afford the median home in Phillips County

Median home value is $76,200. Estimated monthly cost: $608 vs. your max of $907.

Rent Affordability Guide

Your rent-to-income ratio23.3%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Phillips County, Arkansas?

Phillips County, Arkansas has a median monthly rent of $756/mo and a median home value of $76,200. The affordability rating is Unaffordable, with rent making up approximately 37.0% of median household income.

What is the median rent in Phillips County?

The median gross rent in Phillips County is $756/mo. This is 1% below state average for Arkansas.

Is Phillips County affordable?

Phillips County is rated Unaffordable based on rent-to-income ratio of 37.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Phillips County's rent compare to the state average?

Phillips County's median rent of $756/mo is 1% below state average of $760/mo for Arkansas.

What is the median home value in Phillips County?

The median home value in Phillips County, Arkansas is $76,200. This is 73% below the national median home value of $281,900.