Living in Cave Springs, Arkansas
Cost of living, income, home prices, rent and demographics of Cave Springs · Census data 2020–2024
Cave Springs has 6,008 residents with a median age of 34.6. The median household income is $146,473 (141% higher than the Arkansas median), the median home value is $460,300, the median rent is $2,222/month.
Cave Springs at a glance
- Population
- 6,008
- Median age
- 34.6State: 38.5
- Median household income
- $146,473State: $60,773
- Median home value
- $460,300State: $188,000
- Median rent
- $2,222/moState: $947
- Homeowners
- 92.5%
- Bachelor's degree or higher
- 54.1%
- Average commute
- 20 min
Is Cave Springs a good place to live?
Pros: Median household income 141% higher than the Arkansas median; an average commute of 20 minutes; unemployment of 4.8%; a poverty rate of 1.8%.
Cons: Home values 145% higher than the state median.
The weather is best in April–May and September–October.
Cost of living in Cave Springs
Housing is the biggest part of the cost of living. In Cave Springs the median home value is $460,300, 38% higher than the U.S. median. Renters pay a median of $2,222 per month, which is 15.8% of household income. Homeowners with a mortgage pay $2,497 a month in housing costs.
Cave Springs median household income
The median household income in Cave Springs is $146,473 and the income per person is $55,991. 1.8% of residents live below the poverty line (Arkansas: 16%).
Housing in Cave Springs: homes for sale and rent
- Housing units
- 2,028
- Owner-occupied
- 92.5%
- Renter-occupied
- 7.5%
- Vacant
- 7.4%Includes seasonal homes
- Median year built
- 2012
- Average household size
- 3.20
Cave Springs demographics
- Population
- 6,008
- Median age
- 34.6
- Under 18
- 34.2%
- 65 and older
- 8.9%
- Households
- 1,877
- Foreign-born
- 2.8%
- Veterans
- 4.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Cave Springs ›
Education in Cave Springs
54.1% of adults 25 and older in Cave Springs have a bachelor's degree or higher (Arkansas: 25.7%), and 21.9% have a graduate or professional degree.
Jobs and commute in Cave Springs
- Unemployment rate
- 4.8%State: 4.9%
- Average commute
- 20 minState: 23 min
- Work from home
- 19.1%
- Drive alone
- 76.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 94.3%
Cave Springs vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cave Springs | 6,008 | $146,473 | $460,300 | $2,222 |
| Lowell | 10,849 | $95,527 | $284,200 | $1,136 |
| Elm Springs | 3,069 | $131,739 | $460,100 | $1,321 |
| Rogers | 72,981 | $86,728 | $308,200 | $1,270 |
| Bentonville | 58,249 | $112,792 | $428,500 | $1,344 |
| Highfill | 2,191 | $92,596 | $274,300 | $1,423 |
| Springdale | 88,160 | $69,787 | $261,800 | $1,071 |
| Centerton | 21,920 | $115,713 | $338,500 | $1,465 |
| Tontitown | 6,425 | $85,603 | $430,500 | $1,346 |
More for people moving to Cave Springs
Cave Springs ZIP code ›Weather and climate ›Living in Cave Springs: FAQ
What is the median household income in Cave Springs, AR?
The median household income in Cave Springs is $146,473, 141% 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 Cave Springs?
The median home value in Cave Springs is $460,300, compared with $188,000 in Arkansas.
How much is rent in Cave Springs?
The median gross rent in Cave Springs is $2,222 per month, about 15.8% of household income.
Is Cave Springs, AR a good place to live?
Pluses: median household income 141% higher than the Arkansas median; an average commute of 20 minutes; unemployment of 4.8%; a poverty rate of 1.8%. Minuses: home values 145% higher than the state median.
What is the median age in Cave Springs?
The median age in Cave Springs is 34.6 years (Arkansas: 38.5).
How long is the commute in Cave Springs?
The average commute to work in Cave Springs is 20 minutes; 19.1% of workers work from home.
What is the unemployment rate in Cave Springs?
The unemployment rate in Cave Springs is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cave Springs?
54.1% of adults in Cave Springs 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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