Fort Smith, AR vs Hot Springs, AR: cost of living compared
Price levels from BEA (2024); rent and home values from Zillow (September 2026).
The short answer
- Overall, living costs in Hot Springs, AR and Fort Smith, AR are within 1% of each other (BEA, 2024).
- To keep the same standard of living, $75,000 in Fort Smith works out to about $74,900 in Hot Springs, before taxes.
- Housing is 7.2% higher in Hot Springs, goods 0.0% lower and other services 0.0% lower, which roughly cancel out.
- Typical asking rent is $1,236 a month in Hot Springs and $1,074 in Fort Smith, $1,944 a year more in Hot Springs (Zillow, September 2026).
- A typical home is valued at about $244,000 in Hot Springs and $203,000 in Fort Smith.
- The gap has narrowed since 2019, when Hot Springs was 2.0% less expensive than Fort Smith.
derived Calculated from BEA Regional Price Parities (2024) and Zillow data. Based on an average household's spending; taxes not included. How we calculate.
Category by category
Both cities against the US average (100). The gap in each row is what matters for a move.
Overall prices are about the same in Fort Smith and Hot Springs
Price level by category, 2024. US average = 100.
- Fort Smith, AR
- Hot Springs, AR
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Fort Smith, AR | Hot Springs, AR | |
|---|---|---|
| All items | 85.9 | 85.7 |
| Goods | 93.6 | 93.6 |
| Housing (rents) | 53.4 | 57.3 |
| Utilities | 73.8 | 74.3 |
| Other services | 95.3 | 95.3 |
| Category | Fort Smith | Hot Springs | Hot Springs vs Fort Smith |
|---|---|---|---|
| All items | 85.9 | 85.7 | −0.2% |
| Goods | 93.6 | 93.6 | 0.0% |
| Housing (rents) | 53.4 | 57.3 | +7.2% |
| Utilities | 73.8 | 74.3 | +0.6% |
| Other services | 95.3 | 95.3 | 0.0% |
| Typical asking rent | $1,074 | $1,236 | +15.1% |
| Typical home value | $203,000 | $244,000 | +20.3% |
| Salary to match $75,000 in Fort Smith | $75,000 | $74,900 | −0.2% |
Index values: BEA, 2024, US = 100. Rent and home values: Data Provided by Zillow Group, September 2026.
How the gap has changed since 2008
The price gap between Fort Smith and Hot Springs has narrowed since 2008: 4.0 points then, 0.2 now
Overall price level each year, 2008–2024. US average = 100.
- Fort Smith, AR
- Hot Springs, AR
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Fort Smith, AR | Hot Springs, AR | |
|---|---|---|
| 2008 | 90.7 | 86.7 |
| 2009 | 88.3 | 84.8 |
| 2010 | 90.1 | 86.7 |
| 2011 | 89.9 | 88.8 |
| 2012 | 89.8 | 88.2 |
| 2013 | 90.2 | 87.5 |
| 2014 | 91.3 | 85.2 |
| 2015 | 88.9 | 86.1 |
| 2016 | 89.3 | 88.4 |
| 2017 | 89.2 | 85.6 |
| 2018 | 86.1 | 85.7 |
| 2019 | 88.1 | 86.3 |
| 2020 | 87.1 | 87.2 |
| 2021 | 87.7 | 88.6 |
| 2022 | 85.8 | 86.2 |
| 2023 | 85.3 | 86.1 |
| 2024 | 85.9 | 85.7 |
Goods
- Fort Smith, AR
- Hot Springs, AR
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Fort Smith, AR | Hot Springs, AR | |
|---|---|---|
| 2008 | 97.1 | 94.6 |
| 2009 | 95.2 | 92.2 |
| 2010 | 96.8 | 96.5 |
| 2011 | 97.0 | 94.9 |
| 2012 | 97.3 | 91.1 |
| 2013 | 97.4 | 92.9 |
| 2014 | 97.7 | 91.2 |
| 2015 | 96.6 | 90.7 |
| 2016 | 97.1 | 92.2 |
| 2017 | 97.0 | 91.5 |
| 2018 | 93.1 | 93.1 |
| 2019 | 94.8 | 94.8 |
| 2020 | 94.4 | 94.3 |
| 2021 | 95.7 | 95.6 |
| 2022 | 93.2 | 93.1 |
| 2023 | 93.1 | 93.1 |
| 2024 | 93.6 | 93.6 |
Housing (rents)
- Fort Smith, AR
- Hot Springs, AR
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Fort Smith, AR | Hot Springs, AR | |
|---|---|---|
| 2008 | 63.8 | 59.5 |
| 2009 | 59.0 | 60.7 |
| 2010 | 60.7 | 62.8 |
| 2011 | 58.5 | 68.9 |
| 2012 | 57.2 | 65.0 |
| 2013 | 57.7 | 60.3 |
| 2014 | 61.6 | 57.0 |
| 2015 | 54.5 | 59.0 |
| 2016 | 53.8 | 66.6 |
| 2017 | 55.4 | 58.1 |
| 2018 | 51.7 | 56.9 |
| 2019 | 58.5 | 56.6 |
| 2020 | 54.5 | 58.5 |
| 2021 | 54.0 | 60.6 |
| 2022 | 50.9 | 56.6 |
| 2023 | 50.8 | 56.9 |
| 2024 | 53.4 | 57.3 |
Utilities
- Fort Smith, AR
- Hot Springs, AR
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Fort Smith, AR | Hot Springs, AR | |
|---|---|---|
| 2008 | 83.8 | 76.8 |
| 2009 | 81.7 | 75.3 |
| 2010 | 82.9 | 75.5 |
| 2011 | 82.0 | 75.7 |
| 2012 | 82.1 | 80.9 |
| 2013 | 82.2 | 80.2 |
| 2014 | 82.3 | 80.9 |
| 2015 | 84.0 | 85.4 |
| 2016 | 82.7 | 85.1 |
| 2017 | 80.7 | 86.4 |
| 2018 | 79.1 | 78.5 |
| 2019 | 78.8 | 78.2 |
| 2020 | 80.9 | 80.9 |
| 2021 | 82.0 | 82.0 |
| 2022 | 82.1 | 81.4 |
| 2023 | 81.6 | 81.2 |
| 2024 | 73.8 | 74.3 |
Other services
- Fort Smith, AR
- Hot Springs, AR
Source: U.S. Bureau of Economic Analysis, Regional Price Parities by metropolitan area, 2024 (US = 100).
Show the numbers
| Fort Smith, AR | Hot Springs, AR | |
|---|---|---|
| 2008 | 98.6 | 95.4 |
| 2009 | 98.2 | 93.1 |
| 2010 | 100.0 | 94.3 |
| 2011 | 101.6 | 95.6 |
| 2012 | 101.8 | 97.8 |
| 2013 | 100.8 | 98.4 |
| 2014 | 100.6 | 98.9 |
| 2015 | 101.1 | 97.6 |
| 2016 | 102.1 | 96.3 |
| 2017 | 100.9 | 94.6 |
| 2018 | 97.9 | 97.9 |
| 2019 | 97.2 | 97.2 |
| 2020 | 99.5 | 99.5 |
| 2021 | 97.3 | 97.2 |
| 2022 | 96.0 | 95.9 |
| 2023 | 95.7 | 95.7 |
| 2024 | 95.3 | 95.3 |
Rent and home values
Typical asking rent: $1,236 in Hot Springs vs $1,074 in Fort Smith
Typical asking rent for a new lease, dollars per month. Quarterly.
- Fort Smith, AR
- Hot Springs, AR
- United States
Source: Zillow Observed Rent Index (typical asking rent, all homes, smoothed), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Fort Smith, AR | Hot Springs, AR | United States | |
|---|---|---|---|
| Mar 2015 | – | – | $1,145 |
| Jun 2015 | $641 | – | $1,170 |
| Sep 2015 | $652 | – | $1,181 |
| Dec 2015 | $645 | – | $1,182 |
| Mar 2016 | $661 | – | $1,195 |
| Jun 2016 | $663 | – | $1,219 |
| Sep 2016 | $657 | – | $1,225 |
| Dec 2016 | $666 | – | $1,222 |
| Mar 2017 | $669 | – | $1,245 |
| Jun 2017 | $674 | – | $1,270 |
| Sep 2017 | $672 | – | $1,276 |
| Dec 2017 | $676 | – | $1,275 |
| Mar 2018 | $672 | – | $1,296 |
| Jun 2018 | $690 | – | $1,320 |
| Sep 2018 | $686 | – | $1,327 |
| Dec 2018 | $688 | – | $1,329 |
| Mar 2019 | $693 | – | $1,349 |
| Jun 2019 | $700 | – | $1,376 |
| Sep 2019 | $707 | – | $1,383 |
| Dec 2019 | $708 | – | $1,381 |
| Mar 2020 | $716 | – | $1,402 |
| Jun 2020 | $723 | – | $1,406 |
| Sep 2020 | $740 | – | $1,410 |
| Dec 2020 | $752 | – | $1,407 |
| Mar 2021 | $771 | – | $1,443 |
| Jun 2021 | $792 | $942 | $1,512 |
| Sep 2021 | $831 | $914 | $1,590 |
| Dec 2021 | $843 | $995 | $1,622 |
| Mar 2022 | $875 | $991 | $1,661 |
| Jun 2022 | $892 | $1,011 | $1,721 |
| Sep 2022 | $902 | $1,029 | $1,748 |
| Dec 2022 | $929 | $1,019 | $1,735 |
| Mar 2023 | $938 | $1,073 | $1,757 |
| Jun 2023 | $954 | $1,071 | $1,785 |
| Sep 2023 | $954 | $1,089 | $1,797 |
| Dec 2023 | $956 | $1,108 | $1,786 |
| Mar 2024 | $976 | $1,130 | $1,807 |
| Jun 2024 | $1,010 | $1,142 | $1,837 |
| Sep 2024 | $1,007 | $1,153 | $1,845 |
| Dec 2024 | $1,006 | $1,157 | $1,836 |
| Mar 2025 | $1,013 | $1,165 | $1,860 |
| Jun 2025 | $1,024 | $1,160 | $1,880 |
| Sep 2025 | $1,038 | $1,188 | $1,881 |
| Dec 2025 | $1,041 | $1,189 | $1,873 |
| Mar 2026 | $1,045 | $1,225 | $1,894 |
| Jun 2026 | $1,071 | $1,223 | $1,921 |
| Sep 2026 | $1,074 | $1,236 | $1,932 |
Typical home value: $244,000 in Hot Springs vs $203,000 in Fort Smith
Typical home value, dollars. Quarterly.
- Fort Smith, AR
- Hot Springs, AR
- United States
Source: Zillow Home Value Index (typical home value, middle tier, smoothed, seasonally adjusted), through September 2026. Data Provided by Zillow Group.
Show the numbers
| Fort Smith, AR | Hot Springs, AR | United States | |
|---|---|---|---|
| Mar 2015 | $112K | $127K | $189K |
| Jun 2015 | $114K | $128K | $192K |
| Sep 2015 | $115K | $130K | $195K |
| Dec 2015 | $116K | $130K | $199K |
| Mar 2016 | $117K | $131K | $202K |
| Jun 2016 | $118K | $131K | $204K |
| Sep 2016 | $119K | $132K | $206K |
| Dec 2016 | $120K | $133K | $209K |
| Mar 2017 | $121K | $133K | $213K |
| Jun 2017 | $121K | $134K | $216K |
| Sep 2017 | $121K | $135K | $219K |
| Dec 2017 | $122K | $136K | $223K |
| Mar 2018 | $124K | $138K | $227K |
| Jun 2018 | $125K | $140K | $230K |
| Sep 2018 | $126K | $141K | $234K |
| Dec 2018 | $127K | $143K | $236K |
| Mar 2019 | $129K | $145K | $239K |
| Jun 2019 | $132K | $147K | $242K |
| Sep 2019 | $134K | $148K | $244K |
| Dec 2019 | $136K | $150K | $247K |
| Mar 2020 | $137K | $154K | $252K |
| Jun 2020 | $139K | $156K | $255K |
| Sep 2020 | $144K | $160K | $260K |
| Dec 2020 | $147K | $168K | $271K |
| Mar 2021 | $151K | $177K | $282K |
| Jun 2021 | $156K | $188K | $296K |
| Sep 2021 | $162K | $198K | $306K |
| Dec 2021 | $169K | $205K | $314K |
| Mar 2022 | $175K | $215K | $330K |
| Jun 2022 | $180K | $226K | $346K |
| Sep 2022 | $181K | $227K | $348K |
| Dec 2022 | $181K | $229K | $345K |
| Mar 2023 | $181K | $229K | $343K |
| Jun 2023 | $185K | $233K | $347K |
| Sep 2023 | $185K | $236K | $352K |
| Dec 2023 | $186K | $236K | $354K |
| Mar 2024 | $186K | $238K | $357K |
| Jun 2024 | $190K | $242K | $361K |
| Sep 2024 | $191K | $244K | $361K |
| Dec 2024 | $191K | $244K | $363K |
| Mar 2025 | $194K | $244K | $364K |
| Jun 2025 | $194K | $243K | $362K |
| Sep 2025 | $194K | $243K | $362K |
| Dec 2025 | $197K | $242K | $364K |
| Mar 2026 | $202K | $243K | $366K |
| Jun 2026 | $203K | $244K | $365K |
| Sep 2026 | $203K | $244K | $366K |
More about each city
What this comparison leaves out
- Taxes. State and local income, sales and property taxes can change the result a lot, especially between states.
- Neighborhoods. These are metro-wide averages; a city center and its outer suburbs can differ by more than two metros do.
- Your own spending mix. The default uses an average household. Use the housing slider above if rent is a bigger share of your budget.
- Timing. BEA price levels are for 2024; Zillow figures are monthly and newer.