Cost of Living in Sharp County, Arkansas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Sharp County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Sharp County ranks #224 of 3,144 counties for affordability (top 7%)
Data Story
About Cost of Living in Sharp County, Arkansas
Sharp matches the national test
Sharp County renters spend 18.1% of income on housing, exactly matching the national average. With a median income of just $42,950—43% below the national figure—residents here manage affordable rents through lower overall cost of living.
Average affordability, lower costs
Sharp County's 18.1% rent-to-income ratio ties the Arkansas state average, though its $648 median rent is the lowest among these eight counties. This creates an unusual advantage: state-typical affordability with below-average rents.
Cheapest rents in the survey
Sharp County's $648 rent undercuts every other county in this comparison, including Sevier's $725 and Van Buren's $727. This rock-bottom rent makes it exceptionally affordable despite the region's lowest median income of $42,950.
Ownership costs less than rent
Sharp County homeowners pay just $581 monthly, $67 below what renters spend, making ownership surprisingly affordable. The median home value of $94,600 represents one of the lowest in the region, enabling homeownership on modest incomes.
Sharp excels for minimal budgets
If housing costs are your primary concern, Sharp County delivers rock-bottom rents and the lowest home values in this set. This rural county rewards those seeking maximum affordability in Arkansas.
Cost of Living Advisory: Sharp County
Affordability Verdict
Sharp County is affordable for renters, with a median gross rent of $648/month representing approximately 18.1% of median household income. The rent burden (GRAPI) stands at 24.0%.
Rent vs. Own
At $648/month rent versus $581/month in owner costs, owning is roughly $67/month cheaper — a 10% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $25,920/year. For owner costs at the 28% rule, the required income is roughly $24,900/year. With a median household income of $42,950, most households can comfortably afford rent here. Notably, 24.0% of renter households in Sharp County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Sharp County sits 7% less expensive than Polk County ($699/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Sharp County
Rent Burden
18.1%
of gross income
Max Housing (28% Rule)
$1,002
per month
Owner Cost Burden
16.2%
of gross income
You can likely afford the median home in Sharp County
Median home value is $94,600. Estimated monthly cost: $755 vs. your max of $1,002.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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