Fordyce 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.
IndexFordyceArkansasNational
Cost of living index8186100
IndexFordyceArkansasNational
Goods & Services index9896100
Groceries index9895100
Health care index9288100
Housing index4165100
Transportation index9192100
Utilities index105102100
Here we can see a simple outline of the cost of living in Fordyce, AR. As you can see, with the average cost of living in Fordyce, AR being 81, that puts it 6% lower than the average of Arkansas and 19% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Fordyce, AR, the price of goods and services are 3% higher than the average of Arkansas as well as 2% lower than the nation's average.

Did you know?

  • The cost of living in Fordyce is 6% lower than the Arkansas average.
  • The cost of living in Fordyce is 19% lower than the national average.
  • The cost of housing in Fordyce is 59% 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 Fordyce, AR Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Fordyce, 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 Fordyce, AR, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Fordyce, 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$39,892$3,324$931$1,197
Renters$22,065$1,839$515$662
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Fordyce, AR as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Fordyce, AR homeowners, is $39,892. This would allow for a maximum of $931 per month to be spent on housing costs. For renters, the median monthly income is $22,065 which would result in a maximum of $515 to be spent on rental 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%
For those who live in Fordyce, AR and want to know what the true cost of living is, they ought to look at both the Arkansas income tax rate and the Arkansas sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Arkansas, the sales tax is 6.5%, while the most you'll pay in surtax is 11.625%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Arkansas, the income tax rate ranges between 0.9% to 6.9%.

Goods & Services

ItemFordyceNational avg.Difference
Haircut $15.25$14.594.5%
Beauty Salon $28.00$34.6819.3%
Toothpaste $1.85$2.4725.2%
Shampoo $0.98$1.024.1%
Movie $9.75$9.871.2%
Bowling $3.75$4.3914.6%

Groceries

ItemFordyceNational avg.Difference
Ground Beef $4.77$4.486.6%
Fried Chicken $1.39$1.465.1%
Milk $2.22$2.365.8%
Potatoes $2.55$3.0616.7%
Pizza $9.55$9.243.3%
Beer $8.54$8.631.1%

Health Care

ItemFordyceNational avg.Difference
Optometrist $125.00$99.7825.3%
Doctor $100.00$105.034.8%
Dentist $76.00$88.7014.3%
Ibuprofen $8.71$9.417.5%
Lipitor $265.06$298.5011.2%

Housing

ItemFordyceNational avg.Difference
Home Price $62,900.00$175,700.0064.2%
Avg. Mortgage Payment $859.33$1,081.0320.5%
Apartment Rent $491.00$920.0046.6%

Transportation

ItemFordyceNational avg.Difference
Gasoline $2.00$2.094.4%
Tire Balancing $35.40$45.2921.8%

Utilities

ItemFordyceNational avg.Difference
All Electricity$150.51$170.8011.9%
Phone $36.01$28.2627.4%
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.
Tinsman, AR2477-23%
Thornton, AR58378-22%
Kingsland, AR40279-21%
Bearden, AR1,05380-20%
New Edinburg, AR35681-19%
Fordyce, AR4,20581-19%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
West Reading, PA4,20497-3%
Sullivan, IN4,20387-13%
Morgan's Point Resort, TX4,20893-7%
Rutherfordton, NC4,20893-7%
Leisure Village, NJ4,20198-2%
Fordyce, AR4,20581-19%
Source: The Fordyce, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.