Cost of Living in Siloam Springs, AR
Population 18,096 · Arkansas · Data vintage 2023
(100 = US avg)
Buyers in Siloam Springs can reasonably expect a home to cost less than three years of household income — $205,000 against $65,725 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country.
Siloam Springs is about 70 miles east of Broken Arrow, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 11% lower than Broken Arrow's $229,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Siloam Springs
The median home value in Siloam Springs is $205,000 — 33% below the national median of $305,000. Median rent runs $941/month, 28% lower than the national median of $1,314/month. The median household income of $65,725/year is 12% lower than the US median of $74,580. The local unemployment rate is 3.8%, 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, Siloam Springs has a cost of living index of 69 versus the US average of 100, meaning it is 31% 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 Siloam Springs, AR?
Siloam Springs has a cost index of 69 (100 = national average). It is 31% below the national average.
What is average rent in Siloam Springs, AR?
The median gross rent in Siloam Springs is $941 per month based on 2023 Census data.
What is the average home price in Siloam Springs?
The median home value in Siloam Springs is $205,000 according to Zillow and Census data.
What is the median income in Siloam Springs?
The median household income in Siloam Springs is $65,725 per year (2023 ACS 5-year estimates).
What is the sales tax in Siloam Springs, AR?
The combined state and local sales tax rate in Siloam Springs is 9.5%. The Arkansas state income tax top rate is 4.4%.
Is Siloam Springs, AR affordable?
Yes, Siloam Springs is generally considered affordable, with a cost of living index of 69 — about 31% below the US national average of 100.
Siloam Springs at a Glance
- Population
- 18,096
- Median Income
- $65,725
- Home Value
- $205,000
- Median Rent
- $941/mo
- Unemployment
- 3.8%
- Sales Tax
- 9.5%
Nearby Cities
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Arkansas Rankings
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