Quick facts: Little rock, AR

Quick Facts

92.3
Cost of Living
below US average
202,864
Population
74.92
Crime Rate per 1000
above US average
$58,697
Median Income
below US average
$175,000
Median House Price
above US average
$1280.45
Average Rent
below US average
14%
Poverty Rate
above US average
3.7%
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 $58,697.

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Income Needed to Buy

βœ“ Affordable
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($58,697) exceeds requirement
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Income Needed to Rent

βœ“ Affordable
$55k/year
Based on $1280.45/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($58,697) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Little rock, AR

Little Rock is the capital and largest city of Arkansas, located in the central part of the state along the banks of the Arkansas River. As of the 2020 census, it has a population of approximately 197,000 residents. Known for its rich history, Little Rock played a significant role in the Civil Rights Movement, notably with the integration of Little Rock Central High School in 1957. Culturally vibrant, Little Rock boasts a variety of museums, including the Arkansas Museum of Fine Arts and the Historic Arkansas Museum. The city also features numerous parks and outdoor spaces, such as Pinnacle Mountain State Park and the Riverfront Park, providing residents and visitors opportunities for recreation and relaxation. Little Rock serves as a major economic and political hub in the region, with industries like healthcare, education, and manufacturing contributing to its economy. Additionally, the city is home to several colleges and universities, including the University of Arkansas at Little Rock. With its blend of history, culture, and modern amenities, Little Rock offers a unique and welcoming environment for both residents and visitors.

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