Median rent is 50% lower in Hot Springs ($914/mo vs $1,821/mo). Buying is cheaper in Hot Springs, where the median home runs $165,500 versus $777,600. Households earn more in New York ($80,483 vs $47,760 a year).
City A
Hot Springs, AR
City B
New York, NY
How much would you need to earn in New York, NY to maintain your standard of living from Hot Springs, AR?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each metro area. This estimates overall purchasing power; it does not account for taxes or take-home pay differences.
Metric
Hot Springs
Arkansas
New York
New York
Population
Median Household Income
Annual
Median Gross Rent
Per month
Median Home Value
Cost of Living Index
US avg = 100
1BR Fair Market Rent
HUD FMR
2BR Fair Market Rent
HUD FMR
3BR Fair Market Rent
HUD FMR
Air Quality Index
Lower = cleaner
Top State Income Tax
Top marginal rate
State Sales Tax
Statewide base rate
Median Age
Years
✓ = better value · Sources: Census ACS, BEA, HUD Fair Market Rents, EPA AirNow, Tax Foundation
Renters will find significantly cheaper housing in Hot Springs — median rent of $914/mo versus $1,821/mo in New York, a 50% difference. Home buyers face a steeper market in New York: the median home is $777,600 versus $165,500 in Hot Springs — 79% more expensive.
Metric
Hot Springs
New York
Software Developer
Registered Nurse
Elementary Teacher
Electrician
Accountant
Higher wage highlighted · BLS OEWS 2023 (metro-level data)
State tax data is not yet available for these cities.
Hot Springs
Income tax: N/A
Sales tax: N/A
New York
Income tax: N/A
Sales tax: N/A
Air quality data is available for New York (avg AQI 46.0) but not yet for Hot Springs.
Pick New York if you prioritize higher median household income ($80,483/yr).
Pick Hot Springs if you prioritize cheaper rent ($914/mo median).
Cost of living index data is not yet available for one or both cities.
Median rent is $914/mo in Hot Springs, AR and $1,821/mo in New York, NY. Hot Springs, AR has the lower rent by about 50%.
Median household income is $47,760 in Hot Springs, AR and $80,483 in New York, NY. New York, NY has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Air quality data is not yet available for one or both cities.
State tax data is not yet available for one or both cities.
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: June 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
