Cost of Living & Housing in Ozark
Ozark's cost of living centers on housing running genuinely affordable relative to Arkansas's broader statewide figures, paired with the lowest effective property tax rate of any city in Franklin County.
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Learn moreAffordable housing below Arkansas statewide figures
Ozark's Zillow-cited average home value runs approximately $171,539, below the roughly $226,000-$284,000 range Arkansas's own statewide figures cite, and below Franklin County's broader $190,000 median sale price (base record).
Franklin County's lowest property tax rate
Ozark's own 0.64% Ownwell effective property tax rate is genuinely the lowest of any city in Franklin County, matching the county's own 0.64% county-wide median, and produces a modest $495 median annual tax bill (base record).
Arkansas's 3.7% flat-topping income tax and no local add-on
Arkansas's real, current top individual income tax rate is 3.7% for tax year 2026, with a full Social Security exemption and a $6,000 exclusion on other qualifying retirement income for taxpayers 59.5+ (base record).
Confirm current rent and employer data directly
A reliable, city-specific median rent figure and a fuller, confirmed current named-employer list for Ozark were not found with confidence this pass -- confirm both directly with a local property manager and the City of Ozark's economic development office (base record).
Key takeaways
- Ozark's average home value runs approximately $171,539, below Arkansas's statewide figures.
- Ozark's own 0.64% effective property tax rate is the lowest of any city in Franklin County.
- Arkansas's 3.7% top income tax rate and full Social Security exemption apply as documented statewide.
- A confirmed, current rent figure and fuller named-employer list were not found with confidence this pass -- confirm both directly.
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