Cost of Living in Cave Springs, AR
Population 5,778 · Arkansas · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Cave Springs a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $431,000.
Geographically, Cave Springs lies roughly 80 miles southwest of the nearest major metro, Springfield. Median home values run roughly 161% higher than Springfield's $165,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Cave Springs
The median home value in Cave Springs is $431,300 — 41% above the national median of $305,000. Median rent runs $2,081/month, 58% higher than the national median of $1,314/month. The median household income of $147,917/year is 98% higher than the US median of $74,580. The local unemployment rate is 4.2%, below 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, Cave Springs has a cost of living index of 148 versus the US average of 100, meaning it is 48% more expensive.
Cave Springs 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 Cave Springs, AR?
Cave Springs has a cost index of 148 (100 = national average). It is 48% above the national average.
What is average rent in Cave Springs, AR?
The median gross rent in Cave Springs is $2,081 per month based on 2023 Census data.
What is the average home price in Cave Springs?
The median home value in Cave Springs is $431,300 according to Zillow and Census data.
What is the median income in Cave Springs?
The median household income in Cave Springs is $147,917 per year (2023 ACS 5-year estimates).
What is the sales tax in Cave Springs, AR?
The combined state and local sales tax rate in Cave Springs is 9.5%. The Arkansas state income tax top rate is 4.4%.
Is Cave Springs, AR affordable?
Cave Springs is above average in cost of living, with an index of 148 — about 48% higher than the national average.
Cave Springs at a Glance
- Population
- 5,778
- Median Income
- $147,917
- Home Value
- $431,300
- Median Rent
- $2,081/mo
- Unemployment
- 4.2%
- Sales Tax
- 9.5%
Nearby Cities
Explore county-level cost of living data
Arkansas Rankings
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