Cost of Living in Hot Springs Village, AR
Population 16,509 · Arkansas · Data vintage 2023
(100 = US avg)
Hot Springs Village skews considerably older than the national median, with an average age of 70. Reported household income of $69,953 often reflects pension and investment income rather than wages, which makes the local tax picture — especially property tax treatment — a larger factor than in working-age cities.
Located 35 miles west of Little Rock, Hot Springs Village falls within that metro's commuting orbit. Median home values run roughly 18% higher than Little Rock's $221,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Hot Springs Village
The median home value in Hot Springs Village is $262,000 — 14% below the national median of $305,000. Median rent runs $1,167/month, 11% lower than the national median of $1,314/month. The median household income of $69,953/year is 6% lower than the US median of $74,580. The local unemployment rate is 4.1%, 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, Hot Springs Village has a cost of living index of 87 versus the US average of 100, meaning it is 13% 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 Hot Springs Village, AR?
Hot Springs Village has a cost index of 87 (100 = national average). It is 13% below the national average.
What is average rent in Hot Springs Village, AR?
The median gross rent in Hot Springs Village is $1,167 per month based on 2023 Census data.
What is the average home price in Hot Springs Village?
The median home value in Hot Springs Village is $262,000 according to Zillow and Census data.
What is the median income in Hot Springs Village?
The median household income in Hot Springs Village is $69,953 per year (2023 ACS 5-year estimates).
What is the sales tax in Hot Springs Village, AR?
The combined state and local sales tax rate in Hot Springs Village is 9.5%. The Arkansas state income tax top rate is 4.4%.
Is Hot Springs Village, AR affordable?
Yes, Hot Springs Village is generally considered affordable, with a cost of living index of 87 — about 13% below the US national average of 100.
Hot Springs Village at a Glance
- Population
- 16,509
- Median Income
- $69,953
- Home Value
- $262,000
- Median Rent
- $1,167/mo
- Unemployment
- 4.1%
- Sales Tax
- 9.5%
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Arkansas Rankings
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