States › Arkansas › Alma

Is Alma, AR expensive to live in?

CheapRent takes 17 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,06539% lower than U.S. average
💵 Families earn per year (2026)$73,944about $6,162/month · 15% lower than U.S. average
🔑 House price$233,60030% lower than U.S. average

Rent is lower than in 84% of U.S. cities. A typical house costs about 3.2 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $42,600 a year. That is $20 an hour at a full-time job.

Is rent cheaper than other Arkansas cities?

Yes. Rent here is cheaper than in most of Arkansas. It is number 35 of 71 cities from cheapest to most expensive.

Alma
$1,065
Cave Springs
$2,338
Greenbrier
$1,254
De Queen
$782
Berryville
$1,101
Mena
$672
White Hall
$1,036

How much do households earn in Alma?

Under $25k
25.2%
$25k–50k
16.0%
$50k–100k
39.1%
$100k–150k
17.1%
$150k+
1.0%

Share of households by yearly income. 18.1% of households earn $100,000 or more.

Rent by apartment size in Alma

SizeAlmaU.S. average
1 bedroom$456$1,324
2 bedrooms$875$1,509
3 bedrooms$1,235$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Alma overall?

Everyday prices in Arkansas overall are 13% below the U.S. average (index 86.9, U.S. = 100).

Housing
58
Goods (food, clothes…)
94
Utilities
75
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Alma, so the Arkansas figure is shown.

Taxes and bills in Alma

🏛️ Property tax$1,284a year · 0.55% of home value · U.S. $3,119
⚡ Electric bill$181a month (typical) · U.S. $156

Life in Alma

Commute to work27.6 minU.S.: 26.4 min
College degree18.9%U.S.: 35.7%
Own their home47%U.S.: 65.2%
Below poverty line27.3%U.S.: 12.5%
Unemployment7.6%U.S.: 5.2%

Is it cheaper to rent or buy in Alma?

Renting is cheaper right now: about $556 a month less.

Renting
$1,065
Owning
$1,621

Owning assumes a typical $233,600 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,360 for the down payment.

Frequently asked questions

What is the average rent in Alma, AR?

Renting in Alma costs a median of about $1,065 a month in 2026, including utilities. The Arkansas median is $1,068.

How much do I need to make to live in Alma?

To keep rent under 30% of income, you need about $42,600 a year, or $20 an hour at a full-time job.

Is Alma cheap or expensive?

Alma is rated Cheap: rent takes 17.3% of the typical household income of $73,944. It ranks 35th cheapest of 71 Arkansas cities we track.

How much are property taxes in Alma?

The median homeowner in Alma pays $1,284 a year in property taxes, about 0.55% of the median home value.

Is Alma more expensive than the national average?

Overall prices in Arkansas are 13% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Alma?

The median home value in Alma is $233,600, about 3.2 times the typical yearly household income.

5,906 people live in Alma. Numbers are typical (middle) values.