Crossett cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexCrossettArkansasNational
Cost of living index8086100
IndexCrossettArkansasNational
Goods & Services index9996100
Groceries index9895100
Health care index9188100
Housing index4865100
Transportation index8992100
Utilities index82102100
An overview of the general cost of living index for Crossett, AR is displayed above for your reference. Residents in Crossett, AR enjoy a cost of living index of 80. This index is 7% lower than the Arkansas average, and 20% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Crossett, AR, the average cost of goods and services is 3% higher than it is in Arkansas, and it is 2% lower than the national average.

Did you know?

  • The cost of living in Crossett is 7% lower than the Arkansas average.
  • The cost of living in Crossett is 20% lower than the national average.
  • The cost of housing in Crossett is 52% lower than the national average.
  • Arkansas general sales tax is 28% higher than the national average.
  • Arkansas state income tax is 60% lower than the national average.

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Salary Calculator

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The salary calculator allows you to compare how much your current salary in Crossett, AR would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Crossett, AR, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Crossett, AR salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$45,433$3,786$1,060$1,363
Renters$16,862$1,405$393$506
One can approximate the cost of living and the housing affordability in Crossett, AR by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Crossett, AR have a median income of $45,433. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,060 per month to avoid calamity and poverty. The renters in the city have an income of about $16,862, which would make their monthly maximum allowable rental costs $393.

Arkansas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Arkansas6.5%11.625%

Arkansas Income Tax

StateIncome Tax (Low)Income Tax (High)
Arkansas0.9%6.9%
The Arkansas sales tax and Arkansas income tax rates should definitely be considered when determining the overall cost of living in Crossett, AR. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Arkansas sales tax is 6.5% and the maximum surtax is 11.625%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Arkansas income tax rates range from 0.9% to 6.9%.

Goods & Services

ItemCrossettNational avg.Difference
Haircut $14.33$14.591.8%
Beauty Salon $27.50$34.6820.7%
Toothpaste $2.52$2.471.9%
Shampoo $0.97$1.025.1%
Movie $7.25$9.8726.5%
Bowling $4.59$4.394.5%

Groceries

ItemCrossettNational avg.Difference
Ground Beef $3.77$4.4815.8%
Fried Chicken $1.22$1.4616.7%
Milk $2.88$2.3622.2%
Potatoes $3.82$3.0624.8%
Pizza $8.99$9.242.7%
Beer $7.74$8.6310.3%

Health Care

ItemCrossettNational avg.Difference
Optometrist $81.25$99.7818.6%
Doctor $83.67$105.0320.3%
Dentist $84.33$88.704.9%
Ibuprofen $9.47$9.410.6%
Lipitor $294.69$298.501.3%

Housing

ItemCrossettNational avg.Difference
Home Price $72,900.00$175,700.0058.5%
Avg. Mortgage Payment $1,067.80$1,081.031.2%
Apartment Rent $568.00$920.0038.3%

Transportation

ItemCrossettNational avg.Difference
Gasoline $1.98$2.095.1%
Tire Balancing $33.50$45.2926.0%

Utilities

ItemCrossettNational avg.Difference
All Electricity$131.56$170.8023.0%
Phone $25.01$28.2611.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Felsenthal, AR8475-25%
Huttig, AR50275-25%
West Crossett, AR1,25379-21%
North Crossett, AR3,25080-20%
Hamburg, AR2,84680-20%
Crossett, AR5,38980-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Spring Grove, IL5,39012525%
Mila Doce, TX5,38668-32%
Arlington Heights, PA5,3921088%
White Hall, AR5,39292-8%
Lecanto, FL5,39491-9%
Crossett, AR5,38980-20%
Source: The Crossett, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.