Cost of Living in Paragould, AR
Population 29,940 · Arkansas · Data vintage 2023
(100 = US avg)
The Paragould cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $175,000, rents near $883 a month. At 8.6%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Geographically, Paragould is about 70 miles northwest of Memphis, the nearest large metro. Median home values run roughly 12% higher than Memphis' $157,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Paragould
The median home value in Paragould is $175,400 — 42% below the national median of $305,000. Median rent runs $883/month, 33% lower than the national median of $1,314/month. The median household income of $56,181/year is 25% lower than the US median of $74,580. The local unemployment rate is 8.6%, 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, Paragould has a cost of living index of 61 versus the US average of 100, meaning it is 39% 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 Paragould, AR?
Paragould has a cost index of 61 (100 = national average). It is 39% below the national average.
What is average rent in Paragould, AR?
The median gross rent in Paragould is $883 per month based on 2023 Census data.
What is the average home price in Paragould?
The median home value in Paragould is $175,400 according to Zillow and Census data.
What is the median income in Paragould?
The median household income in Paragould is $56,181 per year (2023 ACS 5-year estimates).
What is the sales tax in Paragould, AR?
The combined state and local sales tax rate in Paragould is 9.5%. The Arkansas state income tax top rate is 4.4%.
Is Paragould, AR affordable?
Yes, Paragould is generally considered affordable, with a cost of living index of 61 — about 39% below the US national average of 100.
Paragould at a Glance
- Population
- 29,940
- Median Income
- $56,181
- Home Value
- $175,400
- Median Rent
- $883/mo
- Unemployment
- 8.6%
- Sales Tax
- 9.5%
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Explore county-level cost of living data
Arkansas Rankings
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