States › Arkansas › Siloam Springs

Is Siloam Springs, AR expensive to live in?

OKRent takes 21 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,36722% lower than U.S. average
💵 Families earn per year (2026)$77,722about $6,477/month · 11% lower than U.S. average
🔑 House price$221,70033% lower than U.S. average

Rent is lower than in 65% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $54,680 a year. That is $26 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 56 of 71 cities from cheapest to most expensive.

Siloam Springs
$1,367
Maumelle
$1,388
El Dorado
$1,100
Hot Springs Village
$2,641
Bryant
$1,195
Centerton
$1,949
Searcy
$846

How much do households earn in Siloam Springs?

Under $25k
13.4%
$25k–50k
23.5%
$50k–100k
40.8%
$100k–150k
8.8%
$150k+
8.1%

Share of households by yearly income. 16.9% of households earn $100,000 or more.

Rent by apartment size in Siloam Springs

SizeSiloam SpringsU.S. average
1 bedroom$785$1,324
2 bedrooms$995$1,509
3 bedrooms$1,386$1,698
4 bedrooms$1,720$2,098

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

How expensive is Siloam Springs 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 Siloam Springs, so the Arkansas figure is shown.

Taxes and bills in Siloam Springs

🏛️ Property tax$1,393a year · 0.63% of home value · U.S. $3,119
⚡ Electric bill$184a month (typical) · U.S. $156

Life in Siloam Springs

Commute to work22.1 minU.S.: 26.4 min
College degree27.5%U.S.: 35.7%
Own their home59.1%U.S.: 65.2%
Below poverty line14.6%U.S.: 12.5%
Unemployment3.3%U.S.: 5.2%

Is it cheaper to rent or buy in Siloam Springs?

Renting is cheaper right now: about $171 a month less.

Renting
$1,367
Owning
$1,538

Owning assumes a typical $221,700 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $22,170 for the down payment.

Frequently asked questions

What is the average rent in Siloam Springs, AR?

Renting in Siloam Springs costs a median of about $1,367 a month in 2026, including utilities. The Arkansas median is $1,068.

How much do I need to make to live in Siloam Springs?

To keep rent under 30% of income, you need about $54,680 a year, or $26 an hour at a full-time job.

Is Siloam Springs cheap or expensive?

Siloam Springs is rated OK: rent takes 21.1% of the typical household income of $77,722. It ranks 56th cheapest of 71 Arkansas cities we track.

How much are property taxes in Siloam Springs?

The median homeowner in Siloam Springs pays $1,393 a year in property taxes, about 0.63% of the median home value.

Is Siloam Springs 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 Siloam Springs?

The median home value in Siloam Springs is $221,700, about 2.9 times the typical yearly household income.

18,699 people live in Siloam Springs. Numbers are typical (middle) values.