Lake Hamilton 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.
IndexLake HamiltonArkansasNational
Cost of living index10686100
IndexLake HamiltonArkansasNational
Goods & Services index9896100
Groceries index9895100
Health care index9288100
Housing index12565100
Transportation index9192100
Utilities index105102100

Did you know?

  • The cost of living in Lake Hamilton is 23% higher than the Arkansas average.
  • The cost of living in Lake Hamilton is 6% higher than the national average.
  • The cost of housing in Lake Hamilton is 25% higher 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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Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$71,382$5,949$1,665$2,142
Renters$36,354$3,030$848$1,091

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%

Goods & Services

ItemLake HamiltonNational 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

ItemLake HamiltonNational 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

ItemLake HamiltonNational 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

ItemLake HamiltonNational avg.Difference
Home Price $252,600.00$175,700.0043.8%
Avg. Mortgage Payment $859.33$1,081.0320.5%
Apartment Rent $746.00$920.0018.9%

Transportation

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

Utilities

ItemLake HamiltonNational 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.
Magnet Cove, AR098-2%
Mountain Pine, AR76176-24%
Donaldson, AR30079-21%
Piney, AR3,92185-15%
Midway town, AR44685-15%
Lake Hamilton, AR1,8041066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Roaming Shores, OH1,80492-8%
Port Edwards, WI1,80485-15%
Girard, IL1,80482-18%
Coal Run Village, KY1,80483-17%
Ritzville, WA1,80387-13%
Lake Hamilton, AR1,8041066%
Source: The Lake Hamilton, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.