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Cost of Living in Hot Spring County

Is it better to rent or buy in Hot Spring County? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$59,042
$799/mo

Median in area: $799

$151,844

Median in area: $151,844

$30,369

If you Rent

🔑
$969 /mo
Base Rent$799
Est. Utilities$170
% of Income19.7%
Pre-tax Residual$3,951

If you Buy

🏠
$1,156 /mo
P&I (7.195%)$824
Taxes & Ins$162
Est. Utilities$170
% of Income23.5%
Pre-tax Residual$3,764

Compare Nearby Areas

See how Hot Spring County stacks up against neighboring areas.

countyDallas County, AR
$603/mo
countySaline County, AR
$1,088/mo
countyGrant County, AR
$793/mo
countyGarland County, AR
$976/mo
countyClark County, AR
$789/mo

Cost of Living FAQs

Is it cheaper to rent or buy in Hot Spring County?›

Based on median housing data, renting is currently more affordable on a monthly basis in Hot Spring County. The estimated all-in monthly cost for renting is $969, while owning a median-priced home with a 20% down payment is roughly $1,156 per month (a difference of $187).

How much do utilities cost in Hot Spring County?›

The average monthly utility cost (electricity and natural gas) for a typical home in Hot Spring County is approximately $170. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Hot Spring County?›

To comfortably afford the median rent and utilities in Hot Spring County without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $38,760 per year.