Springdale 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.
IndexSpringdaleArkansasNational
Cost of living index8886100
IndexSpringdaleArkansasNational
Goods & Services index9396100
Groceries index9295100
Health care index9088100
Housing index7465100
Transportation index9192100
Utilities index103102100
Here we can see a simple outline of the cost of living in Springdale, AR. As you can see, with the average cost of living in Springdale, AR being 88, that puts it 2% higher than the average of Arkansas and 12% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Springdale, AR, the price of goods and services are 3% lower than the average of Arkansas as well as 7% lower than the nation's average.

Did you know?

  • The cost of living in Springdale is 2% higher than the Arkansas average.
  • The cost of living in Springdale is 12% lower than the national average.
  • The cost of housing in Springdale is 26% 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 Springdale

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Springdale

Compare Springdale, 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
Use the salary calculator to compare your current income in Springdale, 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 Springdale, AR, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Springdale, 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$60,182$5,015$1,404$1,806
Renters$30,428$2,536$710$913
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Springdale, 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 Springdale, AR homeowners have a median income of $60,182. Using that number, you will come up with a maximum of $1,404 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $30,428, which means there is a maximum of $710 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%
When assessing the complete cost of living in Springdale, 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

ItemSpringdaleNational avg.Difference
Haircut $13.60$14.596.8%
Beauty Salon $30.40$34.6812.3%
Toothpaste $2.45$2.470.9%
Shampoo $0.82$1.0219.8%
Movie $9.00$9.878.8%
Bowling $2.93$4.3933.3%

Groceries

ItemSpringdaleNational avg.Difference
Ground Beef $4.82$4.487.7%
Fried Chicken $1.07$1.4626.9%
Milk $2.61$2.3610.7%
Potatoes $3.39$3.0610.7%
Pizza $10.10$9.249.3%
Beer $9.30$8.637.7%

Health Care

ItemSpringdaleNational avg.Difference
Optometrist $96.25$99.783.5%
Doctor $88.20$105.0316.0%
Dentist $79.75$88.7010.1%
Ibuprofen $7.97$9.4115.3%
Lipitor $295.31$298.501.1%

Housing

ItemSpringdaleNational avg.Difference
Home Price $127,400.00$175,700.0027.5%
Avg. Mortgage Payment $869.39$1,081.0319.6%
Apartment Rent $702.00$920.0023.7%

Transportation

ItemSpringdaleNational avg.Difference
Gasoline $1.80$2.0913.7%
Tire Balancing $46.33$45.292.3%

Utilities

ItemSpringdaleNational avg.Difference
All Electricity$157.83$170.807.6%
Phone $33.40$28.2618.2%
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.
Springtown, AR6879-21%
Avoca, AR72787-13%
Elkins, AR2,75988-12%
Prairie Grove, AR4,67089-11%
Lowell, AR7,75690-10%
Springdale, AR73,78988-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
San Ramon, CA73,82618686%
Centreville, VA73,67713131%
Lake Charles, LA73,50388-12%
Bolingbrook, IL74,1121066%
Wyoming, MI73,43487-13%
Springdale, AR73,78988-12%
Source: The Springdale, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.