Rockwell 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.
IndexRockwellArkansasNational
Cost of living index9786100
IndexRockwellArkansasNational
Goods & Services index9896100
Groceries index9895100
Health care index9288100
Housing index9465100
Transportation index9192100
Utilities index105102100
The above illustration supplies generalized information for the Rockwell, AR cost of living index. Compared to other cities in Arkansas and cities across the country, the cost of living index in Rockwell, AR is 97, which is 12% higher than the Arkansas average and 3% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Rockwell, AR are 3% higher than the average for Arkansas and 2% lower than the rest of the country.

Did you know?

  • The cost of living in Rockwell is 12% higher than the Arkansas average.
  • The cost of living in Rockwell is 3% lower than the national average.
  • The cost of housing in Rockwell is 6% 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 Rockwell, 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 Rockwell, AR, then you would need to earn more income in order to maintain the same standard of living. To use the Rockwell, 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$59,101$4,925$1,379$1,773
Renters$26,030$2,169$607$781
One can approximate the cost of living and the housing affordability in Rockwell, AR by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Rockwell, AR have a median income of $59,101. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,379 per month to avoid calamity and poverty. The renters in the city have an income of about $26,030, which would make their monthly maximum allowable rental costs $607.

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 Rockwell, 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

ItemRockwellNational 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

ItemRockwellNational 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

ItemRockwellNational 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

ItemRockwellNational avg.Difference
Home Price $173,300.00$175,700.001.4%
Avg. Mortgage Payment $859.33$1,081.0320.5%
Apartment Rent $773.00$920.0016.0%

Transportation

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

Utilities

ItemRockwellNational 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.
Mountain Pine, AR76176-24%
Piney, AR3,92185-15%
Midway town, AR44685-15%
Fountain Lake, AR55987-13%
Hot Springs, AR35,48689-11%
Rockwell, AR3,61397-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Taylor Lake Village, TX3,6131066%
Lansing, NY3,61412121%
Highland Beach, FL3,61414040%
Elizabethtown, NC3,61186-14%
Eagle Lake, TX3,61181-19%
Rockwell, AR3,61397-3%
Source: The Rockwell, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.