States › Arkansas › Farmington

Is Farmington, AR expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,56911% lower than U.S. average
💵 Families earn per year (2026)$97,571about $8,131/month · 12% higher than U.S. average
🔑 House price$304,8008% lower than U.S. average

Rent is lower than in 54% of U.S. cities. A typical house costs about 3.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $62,760 a year. That is $30 an hour at a full-time job.

Is rent cheaper than other Arkansas cities?

No. Rent here is more expensive than in most of Arkansas. It is number 62 of 71 cities from cheapest to most expensive.

Farmington
$1,569
Helena-West Helena
$811
Beebe
$992
Clarksville
$466
Hope
$707
Greenwood
$1,374
Monticello
$856

How much do households earn in Farmington?

Under $25k
12.1%
$25k–50k
16.2%
$50k–100k
44.5%
$100k–150k
21.6%
$150k+
5.3%

Share of households by yearly income. 26.9% of households earn $100,000 or more.

Rent by apartment size in Farmington

SizeFarmingtonU.S. average
2 bedrooms$1,166$1,509
3 bedrooms$1,725$1,698

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

How expensive is Farmington 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 Farmington, so the Arkansas figure is shown.

Taxes and bills in Farmington

🏛️ Property tax$1,538a year · 0.50% of home value · U.S. $3,119
⚡ Electric bill$172a month (typical) · U.S. $156

Life in Farmington

Commute to work22.7 minU.S.: 26.4 min
College degree36.2%U.S.: 35.7%
Own their home72.4%U.S.: 65.2%
Below poverty line3.8%U.S.: 12.5%
Unemployment0.7%U.S.: 5.2%

Is it cheaper to rent or buy in Farmington?

Renting is cheaper right now: about $546 a month less.

Renting
$1,569
Owning
$2,115

Owning assumes a typical $304,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $30,480 for the down payment.

Frequently asked questions

What is the average rent in Farmington, AR?

Renting in Farmington costs a median of about $1,569 a month in 2026, including utilities. The Arkansas median is $1,068.

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

To keep rent under 30% of income, you need about $62,760 a year, or $30 an hour at a full-time job.

Is Farmington cheap or expensive?

Farmington is rated Cheap: rent takes 19.3% of the typical household income of $97,571. It ranks 62nd cheapest of 71 Arkansas cities we track.

How much are property taxes in Farmington?

The median homeowner in Farmington pays $1,538 a year in property taxes, about 0.50% of the median home value.

Is Farmington 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 Farmington?

The median home value in Farmington is $304,800, about 3.1 times the typical yearly household income.

9,094 people live in Farmington. Numbers are typical (middle) values.