El Dorado 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.
IndexEl DoradoArkansasNational
Cost of living index8186100
IndexEl DoradoArkansasNational
Goods & Services index9996100
Groceries index9895100
Health care index9188100
Housing index5165100
Transportation index8992100
Utilities index82102100
A general overview of the cost of living index for El Dorado, AR is displayed above. In El Dorado, AR, the overall cost of living index is 81, which is 6% lower than the Arkansas average and 19% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of El Dorado, AR, the city's goods and services are 3% higher than the Arkansas average and 2% lower than the U.S. average.

Did you know?

  • The cost of living in El Dorado is 6% lower than the Arkansas average.
  • The cost of living in El Dorado is 19% lower than the national average.
  • The cost of housing in El Dorado is 49% 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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Compare El Dorado, AR Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in El Dorado, AR to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of El Dorado, AR, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the El Dorado, AR salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$46,382$3,865$1,082$1,392
Renters$23,757$1,980$554$713
The affordability of the housing market in El Dorado, AR as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among El Dorado, AR homeowners, the median income is $46,382. This indicates that a monthly maximum of $1,082 should be spent by homeowners on all housing related costs. Renters have a median income of $23,757. This indicates that renters should have a maximum of $554 used for their rent related monthly costs.

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 El Dorado, 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

ItemEl DoradoNational 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

ItemEl DoradoNational 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

ItemEl DoradoNational 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

ItemEl DoradoNational avg.Difference
Home Price $77,600.00$175,700.0055.8%
Avg. Mortgage Payment $1,067.80$1,081.031.2%
Apartment Rent $631.00$920.0031.4%

Transportation

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

Utilities

ItemEl DoradoNational 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.
Louann, AR14377-23%
Calion, AR42478-22%
Junction City, AR58878-22%
Smackover, AR1,86278-22%
Norphlet, AR84383-17%
El Dorado, AR18,59081-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Gautier, MS18,58190-10%
Morristown, NJ18,58013939%
Ferndale, MD18,5771099%
Mustang, OK18,57589-11%
Prunedale, CA18,57413333%
El Dorado, AR18,59081-19%
Source: The El Dorado, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.