Cost of Living in Shannon Hills, AR
Population 4,557 · Arkansas · Data vintage 2023
(100 = US avg)
Housing costs in Shannon Hills stay well under national norms: a median home value of $175,000 against median household incomes of $69,413 gives the city one of the more comfortable price-to-income ratios in Arkansas. At 7.8%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.
Located 8 miles south of Little Rock, Shannon Hills falls within that metro's commuting orbit. Median home values run roughly 21% lower than Little Rock's $221,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Shannon Hills
The median home value in Shannon Hills is $175,200 — 43% below the national median of $305,000. Median rent runs $1,277/month, 3% lower than the national median of $1,314/month. The median household income of $69,413/year is 7% lower than the US median of $74,580. The local unemployment rate is 7.8%, 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, Shannon Hills has a cost of living index of 73 versus the US average of 100, meaning it is 27% less expensive.
Shannon Hills 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 Shannon Hills, AR?
Shannon Hills has a cost index of 73 (100 = national average). It is 27% below the national average.
What is average rent in Shannon Hills, AR?
The median gross rent in Shannon Hills is $1,277 per month based on 2023 Census data.
What is the average home price in Shannon Hills?
The median home value in Shannon Hills is $175,200 according to Zillow and Census data.
What is the median income in Shannon Hills?
The median household income in Shannon Hills is $69,413 per year (2023 ACS 5-year estimates).
What is the sales tax in Shannon Hills, AR?
The combined state and local sales tax rate in Shannon Hills is 9.5%. The Arkansas state income tax top rate is 4.4%.
Is Shannon Hills, AR affordable?
Yes, Shannon Hills is generally considered affordable, with a cost of living index of 73 — about 27% below the US national average of 100.
Shannon Hills at a Glance
- Population
- 4,557
- Median Income
- $69,413
- Home Value
- $175,200
- Median Rent
- $1,277/mo
- Unemployment
- 7.8%
- Sales Tax
- 9.5%
Nearby Cities
Explore county-level cost of living data
Arkansas Rankings
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