Cost of Living in Walnut Ridge, AR
Population 5,440 · Arkansas · Data vintage 2023
(100 = US avg)
At $47,612, median household incomes in Walnut Ridge land roughly 36% below the US median, a gap that tends to persist across local labor-market indicators. A poverty rate near 22% adds context to the income figures — well above the US average, and worth factoring into any comparison with cities on the coasts or in the Rockies.
Walnut Ridge lies roughly 85 miles northwest of the nearest major metro, Memphis — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 33% lower than Memphis' $157,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Walnut Ridge
The median home value in Walnut Ridge is $104,500 — 66% below the national median of $305,000. Median rent runs $710/month, 46% lower than the national median of $1,314/month. The median household income of $47,612/year is 36% lower than the US median of $74,580. The local unemployment rate is 5.3%, 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, Walnut Ridge has a cost of living index of 42 versus the US average of 100, meaning it is 58% less expensive.
Walnut Ridge 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 Walnut Ridge, AR?
Walnut Ridge has a cost index of 42 (100 = national average). It is 58% below the national average.
What is average rent in Walnut Ridge, AR?
The median gross rent in Walnut Ridge is $710 per month based on 2023 Census data.
What is the average home price in Walnut Ridge?
The median home value in Walnut Ridge is $104,500 according to Zillow and Census data.
What is the median income in Walnut Ridge?
The median household income in Walnut Ridge is $47,612 per year (2023 ACS 5-year estimates).
What is the sales tax in Walnut Ridge, AR?
The combined state and local sales tax rate in Walnut Ridge is 9.5%. The Arkansas state income tax top rate is 4.4%.
Is Walnut Ridge, AR affordable?
Yes, Walnut Ridge is generally considered affordable, with a cost of living index of 42 — about 58% below the US national average of 100.
Walnut Ridge at a Glance
- Population
- 5,440
- Median Income
- $47,612
- Home Value
- $104,500
- Median Rent
- $710/mo
- Unemployment
- 5.3%
- Sales Tax
- 9.5%
Nearby Cities
Explore county-level cost of living data
Arkansas Rankings
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