Cost of Living in Phillips 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 Phillips County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Phillips County ranks #426 of 3,142 counties for affordability (top 14%)
Sourced county brief
Phillips County Median Home Value Estimated at $78,200
In Phillips County, the median home value was reported at $78,200, which is $63,265 below the Arkansas unweighted county mean of $141,465. The official ACS B25071 median gross rent as a percentage of household income was 36.7%. This represents a difference of 8.3 percentage points compared to the Arkansas unweighted county mean official GRAPI of 28.4%. The median gross rent was $737 per month, while the state unweighted county mean was $774. Median selected monthly owner costs for all owner-occupied units were $606, compared to the state unweighted county mean of $663. For renter households, the median income was recorded at $23,846. These figures provide a statistical summary of the county based on 2020-2024 ACS 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: Phillips County
Affordability Verdict
ACS B25071 estimates median gross rent at 36.7% of renter household income in Phillips 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 $737 per month; median selected monthly owner costs are $606. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $29,480 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. Phillips County's $737 median is 4.8% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Phillips County
Rent Burden
22.0%
of gross income
Max Housing (28% Rule)
$936
per month
Owner Cost Burden
18.1%
of gross income
You can likely afford the median home in Phillips County
Median home value is $78,200. Estimated monthly cost: $624 vs. your max of $936.
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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