Gibson 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.
IndexGibsonArkansasNational
Cost of living index9384100
IndexGibsonArkansasNational
Goods & Services index9693100
Groceries index9393100
Health care index9088100
Housing index8165100
Transportation index9389100
Utilities index11697100
The above illustration supplies generalized information for the Gibson, AR cost of living index. Compared to other cities in Arkansas and cities across the country, the cost of living index in Gibson, AR is 93, which is 10% higher than the Arkansas average and 7% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Gibson, AR are 4% higher than the average for Arkansas and 4% lower than the rest of the country.

Did you know?

  • The cost of living in Gibson is 10% higher than the Arkansas average.
  • The cost of living in Gibson is 7% lower than the national average.
  • The cost of housing in Gibson is 19% 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

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator is used in order to provide a comparison of your current salary in Gibson, AR to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Gibson, AR, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Gibson, AR salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$69,115$5,760$1,613$2,074
Renters$46,435$3,870$1,083$1,393
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Gibson, 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 Gibson, AR homeowners, is $69,115. This would allow for a maximum of $1,613 per month to be spent on housing costs. For renters, the median monthly income is $46,435 which would result in a maximum of $1,083 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 Gibson, 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

ItemGibsonNational avg.Difference
Haircut $15.27$15.561.9%
Beauty Salon $39.93$36.1110.6%
Toothpaste $1.89$2.4723.7%
Shampoo $0.78$0.9619.5%
Movie $10.27$10.131.4%
Bowling $4.08$4.7413.8%

Groceries

ItemGibsonNational avg.Difference
Ground Beef $3.65$3.988.3%
Fried Chicken $1.12$1.4120.2%
Milk $2.02$2.062.0%
Potatoes $2.89$2.983.2%
Pizza $8.32$9.4712.1%
Beer $8.85$8.790.6%

Health Care

ItemGibsonNational avg.Difference
Optometrist $87.94$101.0413.0%
Doctor $110.39$107.442.7%
Dentist $67.06$90.4225.8%
Ibuprofen $8.56$9.287.7%
Lipitor $434.74$426.501.9%

Housing

ItemGibsonNational avg.Difference
Home Price $125,500.00$175,700.0028.6%
Avg. Mortgage Payment $1,059.22$1,133.236.5%
Apartment Rent $947.00$920.002.9%

Transportation

ItemGibsonNational avg.Difference
Gasoline $1.87$1.996.4%
Tire Balancing $41.73$45.768.8%

Utilities

ItemGibsonNational avg.Difference
All Electricity$145.79$163.8111.0%
Phone $43.22$28.3952.3%
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.
Scott, AR2198-2%
College Station, AR80780-20%
McAlmont, AR1,72182-18%
Jacksonville, AR28,72889-11%
North Little Rock, AR64,73190-10%
Gibson, AR3,43393-7%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
St. Augusta, MN3,4341044%
Pine Island, MN3,4341011%
Pleasant Hills, MD3,43412525%
Mayfield, OH3,4321099%
North Fort Lewis, WA3,43412929%
Gibson, AR3,43393-7%
Source: The Gibson, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.