Little Rock 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.
IndexLittle RockArkansasNational
Cost of living index9484100
IndexLittle RockArkansasNational
Goods & Services index9693100
Groceries index9393100
Health care index9088100
Housing index8665100
Transportation index9389100
Utilities index11697100
Displayed above is a general overview of the Little Rock, AR cost of living index. The overall cost of living index in Little Rock, AR is 94, which is 11% higher than the Arkansas average and 6% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Little Rock, AR are 4% higher than the Arkansas average and 4% lower than the national average.

Did you know?

  • The cost of living in Little Rock is 11% higher than the Arkansas average.
  • The cost of living in Little Rock is 6% lower than the national average.
  • The cost of housing in Little Rock is 14% 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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Use the salary calculator to compare your current salary in Little Rock, AR to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Little Rock, AR, then you would need to earn more income in order to maintain the same standard of living. To use the Little Rock, AR salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$67,480$5,623$1,574$2,025
Renters$29,414$2,451$686$883
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Little Rock, AR, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Little Rock, AR homeowners have a median income of $67,480. Using that number, you will come up with a maximum of $1,574 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $29,414, which means there is a maximum of $686 to be spent on the costs of renting a home or apartment.

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%
When you are determining the total cost of living in Little Rock, AR you will want to make sure you consider both the Arkansas sales tax and the Arkansas income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Arkansas is 6.5%, with the highest surtax being 11.625%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Arkansas have a range from 0.9% to 6.9%.

Goods & Services

ItemLittle RockNational 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

ItemLittle RockNational 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

ItemLittle RockNational 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

ItemLittle RockNational avg.Difference
Home Price $151,600.00$175,700.0013.7%
Avg. Mortgage Payment $1,059.22$1,133.236.5%
Apartment Rent $785.00$920.0014.7%

Transportation

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

Utilities

ItemLittle RockNational 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%
Sweet Home, AR62783-17%
Wrightsville, AR1,45183-17%
Little Rock, AR196,18894-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Augusta, GA196,55187-13%
Huntington Beach, CA195,68616969%
Glendale, CA195,38016363%
Mobile, AL194,94292-8%
Amarillo, TX194,93084-16%
Little Rock, AR196,18894-6%
Source: The Little Rock, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.