Bonanza, AR
Population 730 · Arkansas
About Bonanza, AR
Bonanza is a small community in Arkansas with a population of 730 residents. The median household income is $59,583 per year, which is near the national average. The median age in Bonanza is 29.3 years.
Housing in Bonanza has a median home value of $141,300 and median monthly rent of $952. Of the 245 total housing units, the majority are owner-occupied, with 183 owner-occupied and 53 renter-occupied units.
The unemployment rate in Bonanza is 5.9% and the poverty rate is 19.0%. 18.7% of residents hold a bachelor's degree or higher. The average commute time is 18.8 minutes.
Cost of Living in Bonanza, AR
Compared to national averages, Bonanza has a median household income of $59,583 (21% below the national median of $75,149). Home values average $141,300, which is 42% below the national median. Monthly rent at $952 is 18% below the US average of $1,163. Within Arkansas, Bonanza's income is 14% above the state average of $52,241, and home values are 13% above the state median of $125,457.
Why Live in Bonanza, AR?
Bonanza offers affordable housing with a median home value of $141,300, below the US average of $244,900, and rent that’s lower than the national average at $952/month, and short commute times averaging just 18.8 minutes.
Potential considerations include median household income ($59,583) that falls below the national average. However, Bonanza’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bonanza has a population of 730 with a median age of 29.3 years. Compare Bonanza with other cities to see how it stacks up, or explore all cities in Arkansas.
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Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Bonanza
What is the population of Bonanza, AR?
The population of Bonanza, AR is 730 according to the latest Census data.
What is the median household income in Bonanza?
The median household income in Bonanza, AR is $59,583 per year.
What is the median home value in Bonanza?
The median home value in Bonanza, AR is $141,300.
What is the average rent in Bonanza?
The median monthly rent in Bonanza, AR is $952.
What is the unemployment rate in Bonanza?
The unemployment rate in Bonanza, AR is 5.9%.