Quick facts: Benton, AR

Quick Facts

89.2
Cost of Living
below US average
36,593
Population
42.25
Crime Rate per 1000
above US average
$66,868
Median Income
below US average
$217,500
Median House Price
above US average
$1364.21
Average Rent
below US average
10%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $66,868.

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Income Needed to Buy

βœ— Stretch
$68k/year
Based on $217,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $68k vs median $66,868
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Income Needed to Rent

βœ“ Affordable
$58k/year
Based on $1364.21/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($66,868) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Benton, AR

Benton, Arkansas, is a charming city located in Saline County, nestled in the state’s picturesque Natural State region. With a population of around 36,000, Benton serves as a growing suburban community just 20 miles south of Little Rock. The city offers a blend of rich history and modern amenities, making it an attractive place for both residents and visitors. Benton is known for its vibrant downtown area, featuring a mix of local shops, restaurants, and cultural attractions. The historic Saline County Courthouse is a notable landmark, reflecting the city's heritage. Outdoor enthusiasts can enjoy various parks and recreational areas, including the scenic Hurricane Creek Park, which provides trails and picnic spots. The local economy is supported by a mix of industries, including healthcare, retail, and manufacturing, contributing to Benton’s steady growth. The education system is well-regarded, with several public schools and the nearby Saline Community College catering to students’ needs. With its friendly atmosphere, Benton is an ideal place for families and individuals seeking a blend of small-town charm and access to urban conveniences.

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