Cost of Living in Hot Springs
Hot Springs' cost of living runs modestly above the national housing median, with a property tax rate that genuinely exceeds Arkansas's own statewide median.
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Learn moreHousing modestly above the national median
Zillow's cited typical home value ran approximately $237,865, modestly above the national median, with a real, disclosed cross-source spread across other cited figures.
An above-state-median property tax rate
Hot Springs' own effective property tax rate ran approximately 0.90% -- above the Arkansas statewide median (~0.81%), though still below the national median (~1.02%).
A real, offsetting low income tax
Arkansas's real, current 3.7% top income tax rate (2026) applies statewide, a genuine offset to the above-median local property tax.
Key takeaways
- Hot Springs' housing costs run modestly above the national median.
- Hot Springs' own property tax rate (~0.90%) runs above Arkansas's statewide median.
- Arkansas's real, low 3.7% state income tax offsets the above-median property tax.
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