Cost of Living in Cherokee Village, AR
Population 5,078 · Arkansas · Data vintage 2023
(100 = US avg)
At $35,244, median household incomes in Cherokee Village land roughly 53% below the US median, a gap that tends to persist across local labor-market indicators. At 13.2%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Cherokee Village lies roughly 115 miles southeast of the nearest major metro, Springfield — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 47% lower than Springfield's $165,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Cherokee Village
The median home value in Cherokee Village is $86,800 — 72% below the national median of $305,000. Median rent runs $930/month, 29% lower than the national median of $1,314/month. The median household income of $35,244/year is 53% lower than the US median of $74,580. The local unemployment rate is 13.2%, 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, Cherokee Village has a cost of living index of 45 versus the US average of 100, meaning it is 55% less expensive.
Cherokee Village 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 Cherokee Village, AR?
Cherokee Village has a cost index of 45 (100 = national average). It is 55% below the national average.
What is average rent in Cherokee Village, AR?
The median gross rent in Cherokee Village is $930 per month based on 2023 Census data.
What is the average home price in Cherokee Village?
The median home value in Cherokee Village is $86,800 according to Zillow and Census data.
What is the median income in Cherokee Village?
The median household income in Cherokee Village is $35,244 per year (2023 ACS 5-year estimates).
What is the sales tax in Cherokee Village, AR?
The combined state and local sales tax rate in Cherokee Village is 9.5%. The Arkansas state income tax top rate is 4.4%.
Is Cherokee Village, AR affordable?
Yes, Cherokee Village is generally considered affordable, with a cost of living index of 45 — about 55% below the US national average of 100.
Cherokee Village at a Glance
- Population
- 5,078
- Median Income
- $35,244
- Home Value
- $86,800
- Median Rent
- $930/mo
- Unemployment
- 13.2%
- Sales Tax
- 9.5%
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Arkansas Rankings
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