Cost of Living in Centerton, AR

Population 20,212 · Arkansas · Data vintage 2023

102
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Centerton is a smaller Arkansas community of around 20000 residents, where median household incomes of $112,920 and housing costs ($296,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. An unemployment rate of 2.0% points to a labor market well on the tight side of the national distribution.

Located 80 miles southwest of Springfield, Centerton is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 79% higher than Springfield's $165,000.

Cost Overview

Housing 97
Rent 109

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

About the Cost of Living in Centerton

The median home value in Centerton is $295,500 — 3% below the national median of $305,000. Median rent runs $1,436/month, 9% higher than the national median of $1,314/month. The median household income of $112,920/year is 51% higher than the US median of $74,580. The local unemployment rate is 2.0%, 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%. The climate averages highs of 69.9°F and lows of 47.4°F. Overall, Centerton has a cost of living index of 102 versus the US average of 100, meaning it is 2% more expensive.

🏠 Housing

Median Home Value
$295,500
3% below avg
Zillow Home Value
$348,983
Zillow ZHVI
Median Rent
$1,436/mo
9% above avg
Zillow Rent
$1,552/mo
Zillow ZORI
Price-to-Rent Ratio
17.1x
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 65.3%
Renter-occupied 34.7%

💰 Estimated Monthly Budget

Rent median rent
$1,436
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,050/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
24.5 min
9% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
17.3%

Commute Mode

Drove alone
71.0%
Carpooled
9.3%
Public transit
0.1%
Bicycle
0.5%
Work from home
17.3%

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
$112,920
51% above avg
Per Capita Income
$53,157
Unemployment Rate
2.0%
59% below avg
Poverty Rate
4.8%
Labor Force Participation
75.0%

🎓 Education

Bachelor's degree+ 27.9%
Graduate degree 12.8%

👥 Demographics

Median Age 32.2
Male median age 32.8
Female median age 31.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.9°F
Avg Low
47.4°F
Annual Precip
45.4"
20° 40° 60° 80° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 485261707786909082726050
Low °F 273038465564696759473729
Precip" 2.512.243.534.985.924.294.173.343.864.003.742.85

Frequently Asked Questions

What is the cost of living in Centerton, AR?

Centerton has a cost index of 102 (100 = national average). It is 2% above the national average.

What is average rent in Centerton, AR?

The median gross rent in Centerton is $1,436 per month based on 2023 Census data.

What is the average home price in Centerton?

The median home value in Centerton is $295,500 according to Zillow and Census data.

What is the median income in Centerton?

The median household income in Centerton is $112,920 per year (2023 ACS 5-year estimates).

What is the sales tax in Centerton, AR?

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

Is Centerton, AR affordable?

Centerton is near the national average in terms of cost of living, with an index of 102 (100 = US average).

What is the weather like in Centerton?

Centerton has average high temperatures of 69.9°F and average lows of 47.4°F. Annual precipitation is 45.4". Data from NOAA 1991–2020 Climate Normals.

Centerton at a Glance

Population
20,212
Median Income
$112,920
Home Value
$295,500
Median Rent
$1,436/mo
Unemployment
2.0%
Avg High Temp
69.9°F
Sales Tax
9.5%
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