Cost Of Living In Arkansas. Housing is 24% lower than the national average, while utilities are 9% lower.when it comes to basic necessities such as food and clothing, groceries are around 2% lower than in the rest of the country, while clothing costs 2% lower. Arkansas is one of the most affordable states to live in the u.s.
The median rent price is $1,005. A single person estimated monthly costs are 804.47$ without rent. The average median value of homes is $141,806 (according to zillow).
Drivers pay an average of $1,551.37 a. Arkansas consistently makes the national top 10 lists for affordability in the united states. These estimates are based on only a few data points.
In fact, arkansas boasts the fourth lowest cost of living in the nation. Single person estimated monthly costs: An amount below 100 means little rock is cheaper than the us average.
According to mit, the required living wage for a family of four with two working parents in arkansas is $82,857 vs the national average for a family of four with two working parents of $89,744. A cost of living index above 100 means little rock, arkansas is more expensive. Reasonably low healthcare costs gave a significant part of the cost of living.
The cost of living in arkansas is $1556, which is 1.14 times less expensive than the average in the united states. The cost of living in arkansas is 7.7% lower than the us average. The average salary after taxes in arkansas is $3205, which is enough to cover living expenses for 2.1 months.
The average median value of homes is $141,806 (according to zillow). The cost of food in arkansas is less expensive than the united states average and earns a score of 10 out of 10. The cost of living index in arkansas is 79, meaning it is about 21% more affordable to live in arkansas than the national average (100).