๐Ÿ™๏ธ Cost of Living Calculators Arkansas

Arkansas Cost of Living Calculator

Compare Arkansas cost of living (index: 89). Calculate equivalent salary needed when moving to or from Arkansas.

Free โ€” No Sign-up Verified Data Editorially Reviewed Updated
Arkansas Quick Facts
4.4% Income Tax Rate
0.62% Property Tax Rate
$52,528 Median Income
89 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

This calculator compares purchasing power between locations using cost of living indices. Arkansas's cost of living index is 89 (100 = national average). The equivalent salary is calculated as: Current Salary ร— (Target COL / Current COL). Tax differences are also factored in to show the net financial impact of relocating.

Key State Information

Arkansas cost of living index: 89. Arkansas is well below the national average in cost of living, making it one of the more affordable states. Median household income: $52,528. Median 2BR rent: $810/month.

Standard financial formulas Pre-filled with real state data Estimates only โ€” not financial advice
Data Source
Missouri Economic Research Center, BEA
View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

What is the cost of living in Arkansas?

Arkansas's cost of living index is 89, where 100 is the national average. This means living in Arkansas costs about 11% less than the national average.

Is Arkansas expensive to live in?

No, Arkansas is one of the most affordable states in the US. Housing is particularly affordable compared to coastal states. Median home price: $185,000.

How much do I need to earn in Arkansas to live comfortably?

Based on a cost of living index of 89 and the 50-30-20 budgeting rule, a comfortable salary in Arkansas would be approximately $28,836/year for a single person renting a 2BR apartment.

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