Quick facts: Bentonville, AR

Quick Facts

105.2
Cost of Living
above US average
57,868
Population
14.76
Crime Rate per 1000
below US average
$99,074
Median Income
above US average
$650,000
Median House Price
above US average
$2349.4
Average Rent
above US average
8%
Poverty Rate
below US average
2.7%
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 $99,074.

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Income Needed to Buy

βœ— Stretch
$204k/year
Based on $650,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $204k vs median $99,074
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Income Needed to Rent

⚠ Stretch
$101k/year
Based on $2349.4/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $101k vs median $99,074
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bentonville, AR

Bentonville, located in northwest Arkansas, is a vibrant city known for its rich history and strong ties to the retail industry, being the headquarters of Walmart. Established in 1836, Bentonville offers a blend of small-town charm and modern amenities, making it an appealing place for residents and tourists alike. The city boasts a variety of recreational options, including the beautiful Crystal Bridges Museum of American Art, which features an impressive collection of American masterpieces set within stunning natural surroundings. Additionally, Bentonville is a hub for outdoor enthusiasts, offering numerous trails, parks, and bike paths, including the renowned Razorback Greenway. Bentonville's thriving downtown area features a lively atmosphere with shops, restaurants, and local markets, making it a popular gathering spot. The city's cultural scene is enriched with events such as the Bentonville Film Festival and various art and music festivals throughout the year. With a growing population and a strong economy, Bentonville is an attractive destination for families and professionals, all while maintaining a sense of community and connection to its roots.

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