Cost of Living in Conway, AR
Updated November 2026 · Faulkner County · Little Rock-North Little Rock-Conway, AR metro area · population 67,642
Prices in Conway are 11.0% below the US average (local index 89.0; the BEA index for the Little Rock-North Little Rock-Conway, AR metro area is 89.4), with local housing the biggest saving at 64.6; a single adult's modelled budget is about $2,183 a month and the median rent is $1,011.
Prices by category
CostLiving local estimate. 100 = US average; 110 means prices are 10% higher. Housing reflects Conway's own median rent compared with the area's average rent; goods, utilities and other services are BEA's official price parities for the Little Rock-North Little Rock-Conway, AR metro area, unchanged.
Conway price index by category, US average = 100: All items 89.0, Housing (rents) 64.6, Goods 93.6, Utilities 74.6, Other services 95.3
It is the 7th most expensive of the 9 Arkansas cities in our data. Cheaper than 96% of the cities we cover.
| BEA index | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| All items | 90.5 | 90.6 | 91.6 | 89.3 | 89.5 | 89.4 |
Monthly budget by household type
1 adult · 1-bedroom · modelled estimate for Conway, AR
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $653 | $7,836 | 30% |
| Utilities | $216 | $2,592 | 10% |
| Food at home | $264 | $3,168 | 12% |
| Transportation | $558 | $6,696 | 26% |
| Health care | $335 | $4,020 | 15% |
| Clothing, personal care & supplies | $157 | $1,884 | 7% |
| Total | $2,183 | $26,196 | 100% |
2 adults · 2-bedroom · modelled estimate for Conway, AR
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $739 | $8,868 | 21% |
| Utilities | $342 | $4,104 | 9% |
| Food at home | $487 | $5,844 | 14% |
| Transportation | $1,104 | $13,248 | 31% |
| Health care | $621 | $7,452 | 17% |
| Clothing, personal care & supplies | $310 | $3,720 | 9% |
| Total | $3,603 | $43,236 | 100% |
2 adults + 2 children · 3-bedroom · modelled estimate for Conway, AR
| Category | Per month | Per year | Share |
|---|---|---|---|
| Housing (rent) | $1,057 | $12,684 | 23% |
| Utilities | $416 | $4,992 | 9% |
| Food at home | $695 | $8,340 | 15% |
| Transportation | $1,468 | $17,616 | 32% |
| Health care | $578 | $6,936 | 13% |
| Clothing, personal care & supplies | $399 | $4,788 | 9% |
| Total | $4,613 | $55,356 | 100% |
Modelled estimate of basic costs, excluding taxes, child care and savings. Housing is rent excluding tenant-paid utilities (counted under utilities). See how the budget is calculated.
Housing costs in Conway
Rent by number of bedrooms
| Size | Median rent |
|---|---|
| Studio | $1,280 |
| 1 bedroom | $845 |
| 2 bedrooms | $956 |
| 3 bedrooms | $1,368 |
| 4 bedrooms | $1,660 |
Median rent: Census ACS 2020-2024 median gross rent by bedrooms (rent plus tenant-paid utilities, all renters).
Rent, home values and affordability
| Measure | Value |
|---|---|
| Median gross rent | $1,011 |
| Median contract rent (excl. utilities) | $781 |
| Median home value | $252,100 |
| Owner costs with a mortgage | $1,521/mo |
| Median household income | $63,004 |
| Rent as % of renter income Moderate | 28.8% |
| Home value ÷ household income Moderate | 4.0× |
Census ACS 5-year 2020-2024.
Electricity and gas prices
Residential electricity in Arkansas
14.37¢ per kWh, August 2026
12-month change: +7.8% (from 13.33¢) · US 18.16¢
Average household uses 1,055 kWh a month in Arkansas ≈ $143/month. Source: EIA-861M (statewide average).
Regular gasoline regional figure: Gulf Coast (PADD 3)
$3.64 per gallon, week of 2026-11-02
12-month change: +44.8% (from $2.51) · US $4.15
EIA weekly retail price survey; Arkansas is covered by the Gulf Coast (PADD 3) average.
Inflation in the South
Consumer prices in the South Census region rose +3.4% in the 12 months to September 2026 (US +3.7%). Nationally, food at home changed +1.8%, shelter +3.2% and energy +20.4%. Source: BLS CPI-U, not seasonally adjusted. CPI is published for regions and large metro areas, so the regional figure is shown.
Salary equivalent
Because prices in Conway are 11.0% below the US average, $60,000 here has the buying power of about $67,400 in an average-priced US area.
Formula: US-equivalent = salary × 100 ÷ 89.0. Based on the local cost index (CostLiving estimate from BEA RPP and Census rents); taxes not included.
Nearby cities
| City | Distance | Index | Budget (single) | Median rent |
|---|---|---|---|---|
| North Little Rock, AR | 24 mi | 89.7 | $2,253 | $1,069 |
| Little Rock, AR | 25 mi | 90.1 | $2,282 | $1,106 |
Cities with a similar cost of living
| City | Index | Budget (single) | Median rent |
|---|---|---|---|
| McAllen, TX | 89.1 | $2,176 | $1,049 |
| Topeka, KS | 89.0 | $2,146 | $979 |
| Pharr, TX | 88.9 | $2,042 | $1,037 |
| Canton, OH | 89.1 | $2,104 | $850 |
| Ames, IA | 89.1 | $2,372 | $1,023 |
| Lafayette, LA | 89.1 | $2,301 | $1,100 |
Compare Conway with another city
Frequently asked questions
Is Conway, AR an expensive place to live?
Conway has a local cost of living index of 89.0, which is 11.0% below the US average. This CostLiving estimate starts from the BEA Regional Price Parities 2024 for the Little Rock-North Little Rock-Conway, AR metro area (89.4) and adjusts housing to Conway's own rents. It is 2.1 points above the Arkansas average. It is the 7th most expensive of the 9 Arkansas cities in our data. Cheaper than 96% of the cities we cover.
How much money do you need to live in Conway?
Our modelled estimate of basic monthly costs is $2,183 for a single adult, $3,603 for a couple and $4,613 for a family of four, before taxes, child care and savings. A $60,000 salary in an average-priced US area buys about the same as $53,400 in Conway.
What is the average rent in Conway?
The median gross rent (rent plus tenant-paid utilities) is $1,011 a month (Census ACS 2020-2024). By size: 1 bedroom $845, 2 bedrooms $956, 3 bedrooms $1,368. The typical renter spends 28.8% of household income on rent (moderate).
How much does a house cost in Conway?
The median owner-estimated home value is $252,100, 4 times the median household income of $63,004 (moderate). Owners with a mortgage pay a median $1,521 a month in housing costs.
How much is electricity and gas in Conway?
Arkansas residential electricity averaged 14.37¢ per kWh in August 2026 (US 18.16¢). Regular gasoline was $3.64 a gallon (Gulf Coast (PADD 3) average, week of 2026-11-02).
Sources and notes
- Local cost index: CostLiving estimate from BEA Regional Price Parities 2024 for the Little Rock-North Little Rock-Conway, AR metropolitan statistical area (BEA index 89.4) with housing from Census ACS median rent (city figure); see the methodology.
- Rents, home values, income, population: U.S. Census Bureau ACS 5-year 2020-2024, Census place 0515190 (Conway city).
- Electricity: EIA-861M, Arkansas residential average, August 2026.
- Gasoline: EIA weekly retail regular gasoline, Gulf Coast (PADD 3), week of 2026-11-02.
- Inflation: BLS CPI-U South region, September 2026.
- Budget baselines: BLS Consumer Expenditure Survey 2025; electricity use by household size: EIA RECS 2020.
- Gasoline price: regional figure (EIA publishes weekly prices for only 9 states).
Labels such as “county figure” or “state nonmetro figure” mark values that come from a larger area because the city-level figure is unavailable or unreliable. The monthly budget is a modelled estimate, not observed spending, and excludes taxes. This page is for general information and is not financial advice. Methodology · All sources