North 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.
IndexNorth Little RockArkansasNational
Cost of living index9084100
IndexNorth Little RockArkansasNational
Goods & Services index9693100
Groceries index9393100
Health care index9088100
Housing index7265100
Transportation index9389100
Utilities index11697100
A general overview of the cost of living index for North Little Rock, AR is displayed above. In North Little Rock, AR, the overall cost of living index is 90, which is 7% higher than the Arkansas average and 10% 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 North Little Rock, AR, the city's goods and services are 4% higher than the Arkansas average and 4% lower than the U.S. average.

Did you know?

  • The cost of living in North Little Rock is 7% higher than the Arkansas average.
  • The cost of living in North Little Rock is 10% lower than the national average.
  • The cost of housing in North Little Rock is 28% 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.

Find Real Estate Listings In North Little Rock

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In North Little Rock

Compare North Little Rock, 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
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in North Little Rock, AR would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than North Little Rock, AR, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The North Little Rock, AR salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$57,062$4,755$1,331$1,712
Renters$27,863$2,322$650$836
The affordability of the housing market in North Little Rock, 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 North Little Rock, AR homeowners, the median income is $57,062. This indicates that a monthly maximum of $1,331 should be spent by homeowners on all housing related costs. Renters have a median income of $27,863. This indicates that renters should have a maximum of $650 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 assessing the complete cost of living in North Little Rock, 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

ItemNorth Little 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

ItemNorth Little 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

ItemNorth Little 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

ItemNorth Little RockNational avg.Difference
Home Price $118,200.00$175,700.0032.7%
Avg. Mortgage Payment $1,059.22$1,133.236.5%
Apartment Rent $779.00$920.0015.3%

Transportation

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

Utilities

ItemNorth Little 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%
Keo, AR21783-17%
North Little Rock, AR64,73190-10%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bayonne, NJ64,76312727%
San Clemente, CA64,67318282%
Johnson City, TN64,61493-7%
Bossier City, LA64,89590-10%
Woodbury, MN64,54411818%
North Little Rock, AR64,73190-10%
Source: The North 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.