AR · Rank 34 of 50 affordable
Can teachers afford to live in Arkansas?
Tight, but workable.
The average Arkansas teacher earns $59,193 per year. A typical 2-bedroom rents for about $1,523/mo, which is 31% of gross monthly pay. The 30% rule is the standard healthy benchmark.
Avg Teacher Salary
$59,193
Cost-of-Living Index
89.6
US avg = 100
Affordability Score
47/100
Renting in Arkansas
2BR Rent / mo
$1,523
Annual Rent
$18,278
% of Salary
31%
Left after rent
$3,410/mo
Green zone is under the 30% healthy housing benchmark.
Buying a Home in Arkansas
Median Home Price
$376,320
10% Down
$37,632
P&I (7%, 30yr)
$2,253/mo
Full PITI
$2,708/mo
Estimated mortgage payment as a share of average teacher monthly gross pay, including taxes & insurance.
Estimates assume a 10% down payment, 7% 30-year fixed rate, 1.1% property tax, and 0.35% home insurance. Actual rates and prices vary by district and metro area.