Nashville 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.
IndexNashvilleArkansasNational
Cost of living index8686100
IndexNashvilleArkansasNational
Goods & Services index11496100
Groceries index9295100
Health care index8688100
Housing index4965100
Transportation index8992100
Utilities index96102100
Displayed above is a general overview of the Nashville, AR cost of living index. The overall cost of living index in Nashville, AR is 86, which is equal to the Arkansas average and 14% 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 Nashville, AR are 19% higher than the Arkansas average and 14% higher than the national average.

Did you know?

  • The cost of living in Nashville is equal to the Arkansas average.
  • The cost of living in Nashville is 14% lower than the national average.
  • The cost of housing in Nashville is 51% 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 Nashville, AR Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
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Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Nashville, AR to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Nashville, AR, you have to earn a higher income in order to still have the same standard of living. To operate the Nashville, AR salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$41,589$3,466$970$1,248
Renters$22,953$1,913$536$689
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Nashville, AR, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Nashville, AR has a median income of about $41,589 for people who own homes. Based on that number, a person should spend a maximum of $970 on expenses related to housing. Renters have a slightly different median income, which is $22,953. Based on this average, renters should spend no more than $536 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 assessing the complete cost of living in Nashville, AR, the Arkansas income tax and the Arkansas sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Arkansas maximum surtax is 11.625%, and the Arkansas sales tax is 6.5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0.9% to 6.9% in Arkansas.

Goods & Services

ItemNashvilleNational avg.Difference
Haircut $10.33$14.5929.2%
Beauty Salon $35.00$34.680.9%
Toothpaste $2.07$2.4716.3%
Shampoo $0.90$1.0211.9%
Movie $8.75$9.8711.3%
Bowling $3.86$4.3912.1%

Groceries

ItemNashvilleNational avg.Difference
Ground Beef $4.63$4.483.4%
Fried Chicken $1.41$1.463.7%
Milk $2.64$2.3612.0%
Potatoes $2.61$3.0614.7%
Pizza $10.16$9.249.9%
Beer $8.72$8.631.0%

Health Care

ItemNashvilleNational avg.Difference
Optometrist $59.33$99.7840.5%
Doctor $98.00$105.036.7%
Dentist $69.50$88.7021.6%
Ibuprofen $7.67$9.4118.5%
Lipitor $291.75$298.502.3%

Housing

ItemNashvilleNational avg.Difference
Home Price $81,700.00$175,700.0053.5%
Avg. Mortgage Payment $826.57$1,081.0323.5%
Apartment Rent $493.00$920.0046.4%

Transportation

ItemNashvilleNational avg.Difference
Gasoline $1.84$2.0911.8%
Tire Balancing $42.00$45.297.3%

Utilities

ItemNashvilleNational avg.Difference
All Electricity$143.40$170.8016.0%
Phone $32.01$28.2613.3%
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.
McCaskill, AR8977-23%
Dierks, AR1,22082-18%
Ozan, AR6283-17%
Washington, AR14983-17%
Murfreesboro, AR1,80283-17%
Nashville, AR4,60486-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Kaplan, LA4,60479-21%
Mount Pleasant, TN4,60487-13%
Breckenridge, CO4,60413232%
South Hill, VA4,60390-10%
Ranson, WV4,60299-1%
Nashville, AR4,60486-14%
Source: The Nashville, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.