How much rent can you afford in Hot Springs, AR?
Run your salary against Hot Springs's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Hot Springs
At a median rent of $1,285/mo, Hot Springs is moderately stretched when measured against Hot Springs median household income of $47,760/yr. Rent would consume roughly 32% of pre-tax income, and a salary of about $51,400 keeps rent at the recommended 30% threshold.
How Hot Springs compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Hot Springs?
On a $47,760 salary (the Hot Springs median household income), the recommended ceiling is 30% of pre-tax income, or about $1,194/mo. Hot Springs's median rent is $1,285/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Hot Springs?
To keep Hot Springs's $1,285/mo median rent under 30% of income, you'd need about $51,400/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Hot Springs affordable on the median Arkansas income?
Hot Springs is moderately stretched on a $47,760 income. Rent would take 32% of pre-tax pay, outside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".