Mena 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.
IndexMenaArkansasNational
Cost of living index8286100
IndexMenaArkansasNational
Goods & Services index9896100
Groceries index9895100
Health care index9288100
Housing index4665100
Transportation index9192100
Utilities index105102100
A general overview of the cost of living index for Mena, AR is displayed above. In Mena, AR, the overall cost of living index is 82, which is 5% lower than the Arkansas average and 18% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Mena, AR, the city's goods and services are 3% higher than the Arkansas average and 2% lower than the U.S. average.

Did you know?

  • The cost of living in Mena is 5% lower than the Arkansas average.
  • The cost of living in Mena is 18% lower than the national average.
  • The cost of housing in Mena is 54% 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 Mena, AR Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Mena, 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 Mena, AR, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mena, 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$34,855$2,905$813$1,046
Renters$20,170$1,681$471$605
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Mena, 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 Mena, AR homeowners have a median income of $34,855. Using that number, you will come up with a maximum of $813 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $20,170, which means there is a maximum of $471 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%
The Arkansas sales tax and Arkansas income tax rates should definitely be considered when determining the overall cost of living in Mena, AR. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Arkansas sales tax is 6.5% and the maximum surtax is 11.625%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Arkansas income tax rates range from 0.9% to 6.9%.

Goods & Services

ItemMenaNational 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

ItemMenaNational 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

ItemMenaNational 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

ItemMenaNational avg.Difference
Home Price $77,500.00$175,700.0055.9%
Avg. Mortgage Payment $859.33$1,081.0320.5%
Apartment Rent $477.00$920.0048.2%

Transportation

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

Utilities

ItemMenaNational 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.
Vandervoort, AR11379-21%
Cove, AR49483-17%
Hatfield, AR47980-20%
Mena, AR5,70182-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Richmond, MO5,70285-15%
Sky Lake, FL5,69990-10%
Selinsgrove, PA5,69894-6%
Bay Hill, FL5,70413333%
Richlands, VA5,69888-12%
Mena, AR5,70182-18%
Source: The Mena, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.