How much do households in the Pine Bluff, AR area spend on rent?
Data updated September 16, 2024
About 29.0% in 2018–2022 for a typical household in Pine Bluff, AR Metro Area. This percentage represents the portion of income spent on rent and utilities, measured by comparing median gross rent and median monthly income for renting households. A median is a measure of a typical value in a set of numbers.
Showing data for
In 2018–2022, median rent was
29.0%
of median income
In 2018–2022,
$806
was the median rent per month
Comparing rent to renter income provides one measure of rental affordability. Pine Bluff, AR area median rent was about $806 per month in 2018–2022. Typical monthly income among renting households was about $2.78K per month during that same period.
A typical household spent about $806 on rent in the Pine Bluff, AR area.
Median rent and median renter household income, 2018–2022
Dividing rent by income provides what is called a rent-to-income ratio. A higher ratio of rent-to-income indicates rent is less affordable while a lower ratio indicates greater affordability.
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The Department of Housing and Urban Development considers households with a rent-to-income ratio of more than 30%, that is, households that spend more than 30% of their income on housing, to be cost-burdened. Cost-burdened households may have less money for other necessities such as food, healthcare, or savings. When median monthly rent is more than 30% of average monthly income, it means a typical household would meet the definition of housing cost-burdened.
Pine Bluff, AR area's rent-to-income ratio ranked 3 out of 6 Arkansas metros.
Ratio of median rent to median renter household income, 2018–2022
Compared to other metro areas in Arkansas, Pine Bluff, AR area, had the fifth highest median rent and fifth highest median renter-household income. Out of the six metros in the state, Pine Bluff, AR area rent-to-income ratio ranked fourth lowest.
Renter income and rent, Arkansas metro areas (2018–2022)
| 1. | Fayetteville, AR area | $4,055 |
| 2. | Fort Smith, AR area | $2,955 |
| 3. | Hot Springs, AR area | $3,504 |
| 4. | Jonesboro, AR area | $2,693 |
| 5. | Little Rock, AR area | $3,230 |
| 6. | Pine Bluff, AR area | $2,778 |
