Cost of Living in Booneville, AR
Population 3,814 · Arkansas · Data vintage 2023
(100 = US avg)
Booneville sits on the smaller end of the Arkansas city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. Unemployment has stayed elevated relative to the national figure — 10.7% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Booneville lies roughly 95 miles west of the nearest major metro, Little Rock — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 58% lower than Little Rock's $221,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Booneville
The median home value in Booneville is $91,800 — 70% below the national median of $305,000. Median rent runs $727/month, 45% lower than the national median of $1,314/month. The median household income of $49,653/year is 33% lower than the US median of $74,580. The local unemployment rate is 10.7%, 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, Booneville has a cost of living index of 40 versus the US average of 100, meaning it is 60% less expensive.
Booneville has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
Frequently Asked Questions
What is the cost of living in Booneville, AR?
Booneville has a cost index of 40 (100 = national average). It is 60% below the national average.
What is average rent in Booneville, AR?
The median gross rent in Booneville is $727 per month based on 2023 Census data.
What is the average home price in Booneville?
The median home value in Booneville is $91,800 according to Zillow and Census data.
What is the median income in Booneville?
The median household income in Booneville is $49,653 per year (2023 ACS 5-year estimates).
What is the sales tax in Booneville, AR?
The combined state and local sales tax rate in Booneville is 9.5%. The Arkansas state income tax top rate is 4.4%.
Is Booneville, AR affordable?
Yes, Booneville is generally considered affordable, with a cost of living index of 40 — about 60% below the US national average of 100.
Booneville at a Glance
- Population
- 3,814
- Median Income
- $49,653
- Home Value
- $91,800
- Median Rent
- $727/mo
- Unemployment
- 10.7%
- Sales Tax
- 9.5%
Explore county-level cost of living data
Arkansas Rankings
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