Cost of Living in Green Forest, AR

Population 3,072 · Arkansas · Data vintage 2023

49
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Buyers in Green Forest can reasonably expect a home to cost less than three years of household income — $127,000 against $63,813 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.

Green Forest is about 60 miles south of Springfield, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 23% lower than Springfield's $165,000.

Cost Overview

Housing 42
Rent 61

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

About the Cost of Living in Green Forest

The median home value in Green Forest is $127,100 — 58% below the national median of $305,000. Median rent runs $803/month, 39% lower than the national median of $1,314/month. The median household income of $63,813/year is 14% lower than the US median of $74,580. The local unemployment rate is 3.9%, 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 69.0°F and lows of 47.6°F. Overall, Green Forest has a cost of living index of 49 versus the US average of 100, meaning it is 51% less expensive.

🏠 Housing

Median Home Value
$127,100
58% below avg
Zillow Home Value
$324,016
Zillow ZHVI
Median Rent
$803/mo
39% below avg
Price-to-Rent Ratio
13.2x
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 63.1%
Renter-occupied 36.9%

💰 Estimated Monthly Budget

Rent median rent
$803
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,417/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
13.1 min
51% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
1.5%

Commute Mode

Drove alone
67.0%
Carpooled
10.6%
Walked
20.4%
Work from home
1.5%

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
$63,813
14% below avg
Per Capita Income
$22,314
Unemployment Rate
3.9%
19% below avg
Poverty Rate
11.4%
Labor Force Participation
69.3%

🎓 Education

Bachelor's degree+ 8.6%
Graduate degree 4.0%

👥 Demographics

Median Age 33.9
Male median age 30
Female median age 36.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
69.0°F
Avg Low
47.6°F
Annual Precip
44.5"
20° 38° 55° 73° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 475160707785898981715949
Low °F 273138475664686759483830
Precip" 2.672.423.914.984.813.853.673.424.063.813.962.94

Frequently Asked Questions

What is the cost of living in Green Forest, AR?

Green Forest has a cost index of 49 (100 = national average). It is 51% below the national average.

What is average rent in Green Forest, AR?

The median gross rent in Green Forest is $803 per month based on 2023 Census data.

What is the average home price in Green Forest?

The median home value in Green Forest is $127,100 according to Zillow and Census data.

What is the median income in Green Forest?

The median household income in Green Forest is $63,813 per year (2023 ACS 5-year estimates).

What is the sales tax in Green Forest, AR?

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

Is Green Forest, AR affordable?

Yes, Green Forest is generally considered affordable, with a cost of living index of 49 — about 51% below the US national average of 100.

What is the weather like in Green Forest?

Green Forest has average high temperatures of 69.0°F and average lows of 47.6°F. Annual precipitation is 44.5". Data from NOAA 1991–2020 Climate Normals.

Green Forest at a Glance

Population
3,072
Median Income
$63,813
Home Value
$127,100
Median Rent
$803/mo
Unemployment
3.9%
Avg High Temp
69.0°F
Sales Tax
9.5%
View all cities in Arkansas →
🗺️ County data for Arkansas

Explore county-level cost of living data

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