Living in Bonanza, Arkansas
Cost of living, income, home prices, rent and demographics of Bonanza · Census data 2020–2024
Bonanza has 711 residents with a median age of 29. The median household income is $63,631 (5% higher than the Arkansas median), the median home value is $133,300, the median rent is $945/month.
Bonanza is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Bonanza at a glance
- Population
- 711
- Median age
- 29State: 38.5
- Median household income
- $63,631State: $60,773
- Median home value
- $133,300State: $188,000
- Median rent
- $945/moState: $947
- Homeowners
- 79.1%
- Bachelor's degree or higher
- 18.2%
- Average commute
- 20 min
Is Bonanza a good place to live?
Pros: Median household income 5% higher than the Arkansas median; home values 29% lower than the state median; an average commute of 20 minutes; unemployment of 3.5%; a poverty rate of 13.2%.
The weather is best in April–May and September–October.
Cost of living in Bonanza
Housing is the biggest part of the cost of living. In Bonanza the median home value is $133,300, 60% lower than the U.S. median. Renters pay a median of $945 per month, which is 19.4% of household income. Homeowners with a mortgage pay $1,205 a month in housing costs.
Bonanza median household income
The median household income in Bonanza is $63,631 and the income per person is $27,128. 13.2% of residents live below the poverty line (Arkansas: 16%).
Housing in Bonanza: homes for sale and rent
- Housing units
- 230
- Owner-occupied
- 79.1%
- Renter-occupied
- 20.9%
- Vacant
- 6.5%Includes seasonal homes
- Median year built
- 1987
- Average household size
- 3.31
Bonanza demographics
- Population
- 711
- Median age
- 29
- Under 18
- 37.3%
- 65 and older
- 17.3%
- Households
- 215
- Foreign-born
- 3.7%
- Veterans
- 10.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Bonanza ›
Education in Bonanza
18.2% of adults 25 and older in Bonanza have a bachelor's degree or higher (Arkansas: 25.7%), and 6.4% have a graduate or professional degree.
Jobs and commute in Bonanza
- Unemployment rate
- 3.5%State: 4.9%
- Average commute
- 20 minState: 23 min
- Work from home
- 3.3%
- Drive alone
- 75.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 91.2%
Bonanza vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bonanza | 711 | $63,631 | $133,300 | $945 |
| Hackett | 1,118 | $44,081 | $136,700 | $708 |
| Pocola | 4,423 | $50,545 | $151,100 | $826 |
| Rock Island | 684 | $45,114 | $134,700 | $772 |
| Arkoma | 1,976 | $43,929 | $83,600 | $748 |
| Fort Smith | 89,805 | $54,816 | $178,100 | $884 |
| Cameron | 292 | $53,125 | $75,000 | $717 |
| Fort Coffee | 292 | $35,000 | $83,700 | $758 |
| Greenwood | 9,616 | $66,844 | $182,900 | $836 |
More for people moving to Bonanza
Bonanza ZIP code ›Weather and climate ›Living in Bonanza: FAQ
What is the median household income in Bonanza, AR?
The median household income in Bonanza is $63,631, 5% higher than the Arkansas median of $60,773 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Bonanza?
The median home value in Bonanza is $133,300, compared with $188,000 in Arkansas.
How much is rent in Bonanza?
The median gross rent in Bonanza is $945 per month, about 19.4% of household income.
Is Bonanza, AR a good place to live?
Pluses: median household income 5% higher than the Arkansas median; home values 29% lower than the state median; an average commute of 20 minutes; unemployment of 3.5%; a poverty rate of 13.2%.
What is the median age in Bonanza?
The median age in Bonanza is 29 years (Arkansas: 38.5).
How long is the commute in Bonanza?
The average commute to work in Bonanza is 20 minutes; 3.3% of workers work from home.
What is the unemployment rate in Bonanza?
The unemployment rate in Bonanza is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bonanza?
18.2% of adults in Bonanza have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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