Cost of Living in Polk County, Arkansas

$699/mo
Median Monthly Rent
$122,600
Median Home Value

At a Glance

Median Monthly Rent
$699/mo
8% below state average
Median Home Value
$122,600
57% below national
Rent-to-Income Ratio
24.0%
% 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 Polk County Compares

Median monthly rent comparison

Polk County$699/mo
Arkansas Average$760/mo
National Median$1,163/mo

Detailed Housing Stats

$699/mo
Median Gross Rent
$122,600
Median Home Value
$520/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Polk County ranks #1,448 of 3,144 counties for affordability (top 46%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Polk County, Arkansas

Polk renters fare better than US average

Polk County renters spend 17.0% of their income on housing, beating the national norm and placing the county in affordable territory. This is notably better than the typical American household, which dedicates a larger share of earnings to rent in costlier metros.

Polk ranks comfortably in Arkansas

With a rent-to-income ratio of 17.0%, Polk County outperforms the state average of 18.1%, making it one of the more affordable corners of Arkansas. The county's median rent of $699 stays well below the state average of $760.

Cheaper than most neighbors nearby

Polk's $699 median rent undercuts nearby Pope County ($855) and Saline County ($980), though it trails the very affordable Prairie County ($637). Among similar-sized counties, Polk offers solid value for renters seeking stability without breaking the bank.

Housing consumes modest income share

Polk County households earn a median $49,252 annually, with renters paying $699/month and homeowners $520/month—totaling just 17% and 12.6% of income respectively. This leaves breathing room for other necessities compared to counties where housing demands exceed 20% of earnings.

Consider Polk for affordable living

If you're relocating to Arkansas, Polk County delivers below-state-average rents ($699 vs $760) and manageable homeowner costs ($520/month) on incomes around $49,000. Compare these numbers to nearby Pope ($1,036 rent) to see where your paycheck stretches furthest.

Cost of Living Advisory: Polk County

Affordability Verdict

Housing in Polk County is affordable. The median rent is $699/month against a median household income of $49,252, putting rent at 17.0% of income.

Rent vs. Own

The median rent in Polk County is $699/month, while owner costs run $520/month. Owning saves approximately $179/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $27,960/year. For owner costs at the 28% rule, the required income is roughly $22,286/year. With a median household income of $49,252, most households can comfortably afford rent here. Notably, 24.0% of renter households in Polk County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Polk County sits 8% more expensive than Sharp County ($648/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Polk County

$

Rent Burden

17.0%

of gross income

Max Housing (28% Rule)

$1,149

per month

Owner Cost Burden

12.7%

of gross income

You can likely afford the median home in Polk County

Median home value is $122,600. Estimated monthly cost: $979 vs. your max of $1,149.

Rent Affordability Guide

Your rent-to-income ratio17.0%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $49,252Needed: $27,960
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $49,252Needed: $22,286
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $49,252Needed: $28,532

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 Polk County, Arkansas?
Polk County, Arkansas has a median monthly rent of $699/mo and a median home value of $122,600. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Polk County?
The median gross rent in Polk County is $699/mo. This is 8% below state average for Arkansas.
Is Polk County affordable?
Polk County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Polk County's rent compare to the state average?
Polk County's median rent of $699/mo is 8% below state average of $760/mo for Arkansas.
What is the median home value in Polk County?
The median home value in Polk County, Arkansas is $122,600. This is 57% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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