#51
Arkansas
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State Facts
Minimum Wage
$8.50
Average Renter Wage
$13.05
2-Bedroom Housing Wage
$13.84
Number of Renter Households
392,028
Percent Renters
34%
Affordable Rent for Low Income Households
Fair Market Rent
Working at
minimum wage
$8.50/hr
Each week you
have to work
52HOURS!
To afford a modest
1 bedroom
rental home at
Fair Market Rent
Compare Jurisdictions
| Number of Households | Arkansas | Arkansas County |
|---|---|---|
| Total | 1,141,480 | 7,685 |
| Renter | 392,028 | 2,718 |
| Percent Renters | 34% | 35% |
| Housing Wage | Arkansas | Arkansas County |
|---|---|---|
| Zero-Bedroom | $10.04 | $9.17 |
| One-Bedroom | $10.98 | $9.23 |
| Two-Bedroom | $13.84 | $12.19 |
| Three-Bedroom | $18.77 | $16.62 |
| Four-Bedroom | $21.96 | $19.00 |
| Fair Market Rent | Arkansas | Arkansas County |
|---|---|---|
| Zero-Bedroom | $522 | $477 |
| One-Bedroom | $571 | $480 |
| Two-Bedroom | $720 | $634 |
| Three-Bedroom | $976 | $864 |
| Four-Bedroom | $1,142 | $988 |
| Annual Income Needed to Afford | Arkansas | Arkansas County |
|---|---|---|
| Zero-Bedroom | $20,876 | $19,080 |
| One-Bedroom | $22,835 | $19,200 |
| Two-Bedroom | $28,794 | $25,360 |
| Three-Bedroom | $39,040 | $34,560 |
| Four-Bedroom | $45,687 | $39,520 |
| Minimum Wage | Arkansas | Arkansas County |
|---|---|---|
| Minimum Wage | $8.50 | $8.50 |
| Rent Affordable at Minimum Wage | $442 | $442 |
| Work Hours/Week at Minimum Wage | Arkansas | Arkansas County |
|---|---|---|
| Zero-Bedroom | 47 | 43 |
| One-Bedroom | 52 | 43 |
| Two-Bedroom | 65 | 57 |
| Three-Bedroom | 88 | 78 |
| Four-Bedroom | 103 | 89 |
| Renter Wage | Arkansas | Arkansas County |
|---|---|---|
| Estimated Mean Renter Wage | $13.05 | $14.49 |
| Rent Affordable at Mean Renter Wage | $679 | $754 |
| Work Hours/Week at Mean Renter Wage | Arkansas | Arkansas County |
|---|---|---|
| Zero-Bedroom | 31 | 25 |
| One-Bedroom | 34 | 25 |
| Two-Bedroom | 42 | 34 |
| Three-Bedroom | 58 | 46 |
| Four-Bedroom | 67 | 52 |
| Supplemental Security Income (SSI) Payment | Arkansas | Arkansas County |
|---|---|---|
| SSI Monthly Payment | $750 | $750 |
| Rent Affordable to SSI Recipient | $225 | $225 |
| Income Levels | Arkansas | Arkansas County |
|---|---|---|
| 30% of Area Median Income (AMI) | $16,811 | $14,640 |
| Estimated Renter Median Household Income | $28,415 | $28,214 |
| Rent Affordable at Different Income Levels | Arkansas | Arkansas County |
|---|---|---|
| 30% of Area Median Income (AMI) | $420 | $366 |
| Estimated Renter Median Household Income | $710 | $705 |
*50th percentile FMR area (See Appendix B of full book for more information).
†Renter wage data not available.
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