Salary & Cost of Living in Conway, AR
Conway, AR: $35,785 median salary, cost of living index 84.5, $11.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$35,785
$17/hr
Cost of Living
84.5
US avg = 100
Minimum Wage
$11.00
per hour
Unemployment
3.2%
rate
Conway, AR Overview
Population
67,336
Median Salary
$35,785
Average Salary
$40,079
Avg Commute
21 min
Median Home Price
$215,000
Median Rent
$894/mo
Job Growth
+1.7%
Sales Tax
6.5%
Conway is located in Arkansas with a population of 67,336. The median household salary is $35,785 per year ($17/hour), which is $23,599 below the national median of $59,384. The average commute time is 21 minutes, and the city has a job growth rate of +1.7%.
Conway Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Conway, AR, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$29,217
$2,434.77/month · $1,123.74/biweekly · Effective Rate: 18.4%
Gross Pay
$35,785
Federal Tax
-$2,256
State Tax
-$1,575
Local Tax
$0
FICA
-$2,738
Net Pay
$29,217
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $2,982.08 | $35,785.00 |
| Federal Income Tax | -$187.98 | -$2,255.70 |
| Arkansas State Tax (4.4%) | -$131.21 | -$1,574.54 |
| Social Security (6.2%) | -$184.89 | -$2,218.67 |
| Medicare (1.45%) | -$43.24 | -$518.88 |
| Net Take-Home Pay | $2,434.77 | $29,217.21 |
Salary Comparison: Conway vs Other Cities
See how Conway's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Conway, AR | $35,785 | 84.5 | $42,349 |
| National Average | $59,384 | 100 | $59,384 |
| Waterloo, IA | $35,785 | 82.5 | $43,376 |
| Kenner, LA | $35,784 | 92.5 | $38,685 |
| Ames, IA | $35,784 | 92.5 | $38,685 |
| Lafayette, IN | $35,789 | 84.8 | $42,204 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Conway
Conway's cost of living index is 84.5 (national average = 100). Living in Conway is 15.5% less expensive than the national average.
Median Home Price
$215,000
Median Monthly Rent
$894
Annual Rent Cost
$10,728
Your Salary's Purchasing Power
Your $29,217 annual take-home pay in Conway has the purchasing power of approximately $34,577 in an average-cost US area. Your $35,785 salary stretches further here than in most US cities.
Top Industries in Conway
Conway's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $35,785.
Salary Tips for Conway Workers
- Your salary goes further here. Conway has a cost of living 15.5% below the national average. A salary of $35,785 here has the purchasing power of about $42,349 in an average-cost area.
- Research top industries. Conway's top industries include Agriculture, Retail, Healthcare. Targeting roles in these sectors can help you earn above the $35,785 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Conway, AR?
The median salary in Conway, AR is $35,785 per year, or $17 per hour. The average salary is $40,079. This is $23,599 below the national median of $59,384.
What is the cost of living in Conway, AR?
Conway's cost of living index is 84.5 (national average = 100), meaning it is 15.5% less expensive compared to the national average. The median home price is $215,000 and the median monthly rent is $894.
What are the best industries in Conway?
The top industries in Conway, AR include Agriculture, Retail, Healthcare. The city has a job growth rate of 1.7% and an unemployment rate of 3.2%. Workers in these industries often earn above the city's median salary of $35,785.
How does Conway's salary compare to other cities?
Conway's median salary of $35,785 is 39.7% below the national median of $59,384. However, when adjusted for cost of living (index: 84.5), the real purchasing power is approximately $42,349.
What is the minimum wage in Conway, AR?
The minimum wage in Conway, AR is $11.00 per hour. This equals approximately $22,880 per year for a full-time worker (40 hours/week). This is $3.75 above the federal minimum wage of $7.25/hour.