Cost of Living in Conway, AR
Population 66,288 · Arkansas · Data vintage 2023
(100 = US avg)
Conway lands reasonably close to national benchmarks on most cost indicators, with a median home value of $235,000 — 23% below the US figure. That makes it a useful reference point for comparing with more extreme markets in Arkansas.
Conway is about 25 miles north of Little Rock, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Little Rock's $221,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Conway
The median home value in Conway is $234,600 — 23% below the national median of $305,000. Median rent runs $986/month, 25% lower than the national median of $1,314/month. The median household income of $58,461/year is 22% lower than the US median of $74,580. The local unemployment rate is 3.3%, 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, Conway has a cost of living index of 76 versus the US average of 100, meaning it is 24% less expensive.
🏠 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 Conway, AR?
Conway has a cost index of 76 (100 = national average). It is 24% below the national average.
What is average rent in Conway, AR?
The median gross rent in Conway is $986 per month based on 2023 Census data.
What is the average home price in Conway?
The median home value in Conway is $234,600 according to Zillow and Census data.
What is the median income in Conway?
The median household income in Conway is $58,461 per year (2023 ACS 5-year estimates).
What is the sales tax in Conway, AR?
The combined state and local sales tax rate in Conway is 9.5%. The Arkansas state income tax top rate is 4.4%.
Is Conway, AR affordable?
Yes, Conway is generally considered affordable, with a cost of living index of 76 — about 24% below the US national average of 100.
Conway at a Glance
- Population
- 66,288
- Median Income
- $58,461
- Home Value
- $234,600
- Median Rent
- $986/mo
- Unemployment
- 3.3%
- Sales Tax
- 9.5%
Nearby Cities
Explore county-level cost of living data
Arkansas Rankings
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