Cost of Living in Berryville, AR

Population 5,715 · Arkansas · Data vintage 2023

54
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $39,548, median household incomes in Berryville land roughly 47% below the US median, a gap that tends to persist across local labor-market indicators. At 7.7%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Geographically, Berryville is about 60 miles south of Springfield, the nearest large metro. Housing prices track closely with Springfield's $165,000 median.

Cost Overview

Housing 50
Rent 61

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Berryville

The median home value in Berryville is $153,500 — 50% below the national median of $305,000. Median rent runs $798/month, 39% lower than the national median of $1,314/month. The median household income of $39,548/year is 47% lower than the US median of $74,580. The local unemployment rate is 7.7%, above the national average of 4.8%. Arkansas's top state income tax rate is 4.4% and the combined sales tax is 9.5%. Overall, Berryville has a cost of living index of 54 versus the US average of 100, meaning it is 46% less expensive.

🏠 Housing

Median Home Value
$153,500
50% below avg
Zillow Home Value
$232,130
Zillow ZHVI
Median Rent
$798/mo
39% below avg
Price-to-Rent Ratio
16.0x
Favors buying
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$638
1 BR
$684
2 BR
$848
3 BR
$1,151
4 BR
$1,256
Owner-occupied 62.6%
Renter-occupied 37.4%

💰 Estimated Monthly Budget

Rent median rent
$798
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,412/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
17.2 min
36% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
6.8%

Commute Mode

Drove alone
76.6%
Carpooled
8.9%
Walked
0.9%
Work from home
6.8%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 4.4%
Total Sales Tax 9.5%
State rate 6.5%
Avg local rate 3.0%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$39,548
47% below avg
Per Capita Income
$20,469
Unemployment Rate
7.7%
60% above avg
Poverty Rate
20.8%
Labor Force Participation
53.9%

🎓 Education

Bachelor's degree+ 7.9%
Graduate degree 6.7%

👥 Demographics

Median Age 36.4
Male median age 36.1
Female median age 37.2

Frequently Asked Questions

What is the cost of living in Berryville, AR?

Berryville has a cost index of 54 (100 = national average). It is 46% below the national average.

What is average rent in Berryville, AR?

The median gross rent in Berryville is $798 per month based on 2023 Census data.

What is the average home price in Berryville?

The median home value in Berryville is $153,500 according to Zillow and Census data.

What is the median income in Berryville?

The median household income in Berryville is $39,548 per year (2023 ACS 5-year estimates).

What is the sales tax in Berryville, AR?

The combined state and local sales tax rate in Berryville is 9.5%. The Arkansas state income tax top rate is 4.4%.

Is Berryville, AR affordable?

Yes, Berryville is generally considered affordable, with a cost of living index of 54 — about 46% below the US national average of 100.

Berryville at a Glance

Population
5,715
Median Income
$39,548
Home Value
$153,500
Median Rent
$798/mo
Unemployment
7.7%
Sales Tax
9.5%
View all cities in Arkansas →
🗺️ County data for Arkansas

Explore county-level cost of living data

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