Lonoke 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.
IndexLonokeArkansasNational
Cost of living index8784100
IndexLonokeArkansasNational
Goods & Services index9693100
Groceries index9393100
Health care index9088100
Housing index6265100
Transportation index9389100
Utilities index11697100
Displayed above is a general overview of the Lonoke, AR cost of living index. The overall cost of living index in Lonoke, AR is 87, which is 3% higher than the Arkansas average and 13% 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 Lonoke, AR are 4% higher than the Arkansas average and 4% lower than the national average.

Did you know?

  • The cost of living in Lonoke is 3% higher than the Arkansas average.
  • The cost of living in Lonoke is 13% lower than the national average.
  • The cost of housing in Lonoke is 38% 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 Lonoke, AR Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Lonoke, 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 Lonoke, AR, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Lonoke, 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$46,566$3,881$1,086$1,397
Renters$19,531$1,628$456$586
The affordability of the housing market in Lonoke, 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 Lonoke, AR homeowners, the median income is $46,566. This indicates that a monthly maximum of $1,086 should be spent by homeowners on all housing related costs. Renters have a median income of $19,531. This indicates that renters should have a maximum of $456 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%
When considering the overall cost of living expenses in Lonoke, AR, it's important to take into account the sales tax for Arkansas, as well as the rate for income tax in Arkansas. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Arkansas is 11.625%, and the sales tax in the state of Arkansas is 6.5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Arkansas starts from 0.9% and goes up to 6.9%.

Goods & Services

ItemLonokeNational 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

ItemLonokeNational 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

ItemLonokeNational 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

ItemLonokeNational avg.Difference
Home Price $95,700.00$175,700.0045.5%
Avg. Mortgage Payment $1,059.22$1,133.236.5%
Apartment Rent $725.00$920.0021.2%

Transportation

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

Utilities

ItemLonokeNational 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%
Keo, AR21783-17%
Carlisle, AR2,12284-16%
Jacksonville, AR28,72889-11%
Cabot, AR24,76892-8%
Lonoke, AR4,25587-13%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Heber, CA4,25697-3%
Berryville, VA4,25411515%
Paintsville, KY4,25485-15%
Egg Harbor City, NJ4,2531099%
North East, PA4,25384-16%
Lonoke, AR4,25587-13%
Source: The Lonoke, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.