Walnut Ridge 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.
IndexWalnut RidgeArkansasNational
Cost of living index7886100
IndexWalnut RidgeArkansasNational
Goods & Services index9396100
Groceries index9295100
Health care index8688100
Housing index4765100
Transportation index8792100
Utilities index92102100
Here we can see a simple outline of the cost of living in Walnut Ridge, AR. As you can see, with the average cost of living in Walnut Ridge, AR being 78, that puts it 10% lower than the average of Arkansas and 22% 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 Walnut Ridge, 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 Walnut Ridge is 10% lower than the Arkansas average.
  • The cost of living in Walnut Ridge is 22% lower than the national average.
  • The cost of housing in Walnut Ridge is 53% 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 Walnut Ridge, 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 Walnut Ridge, 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 Walnut Ridge, AR, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Walnut Ridge, 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$47,396$3,950$1,106$1,422
Renters$21,125$1,760$493$634
The affordability of the housing market in Walnut Ridge, 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 Walnut Ridge, AR homeowners, the median income is $47,396. This indicates that a monthly maximum of $1,106 should be spent by homeowners on all housing related costs. Renters have a median income of $21,125. This indicates that renters should have a maximum of $493 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 you are determining the total cost of living in Walnut Ridge, 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

ItemWalnut RidgeNational avg.Difference
Haircut $13.00$14.5910.9%
Beauty Salon $23.33$34.6832.7%
Toothpaste $1.98$2.4719.9%
Shampoo $0.88$1.0213.9%
Movie $9.50$9.873.7%
Bowling $4.05$4.397.8%

Groceries

ItemWalnut RidgeNational avg.Difference
Ground Beef $3.92$4.4812.4%
Fried Chicken $1.22$1.4616.7%
Milk $2.32$2.361.6%
Potatoes $2.74$3.0610.5%
Pizza $9.49$9.242.7%
Beer $8.66$8.630.3%

Health Care

ItemWalnut RidgeNational avg.Difference
Optometrist $71.67$99.7828.2%
Doctor $99.00$105.035.7%
Dentist $66.67$88.7024.8%
Ibuprofen $8.32$9.4111.6%
Lipitor $291.32$298.502.4%

Housing

ItemWalnut RidgeNational avg.Difference
Home Price $70,000.00$175,700.0060.2%
Avg. Mortgage Payment $849.33$1,081.0321.4%
Apartment Rent $576.00$920.0037.4%

Transportation

ItemWalnut RidgeNational avg.Difference
Gasoline $1.90$2.099.3%
Tire Balancing $34.65$45.2923.5%

Utilities

ItemWalnut RidgeNational avg.Difference
All Electricity$130.12$170.8023.8%
Phone $31.85$28.2612.7%
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.
Alicia, AR15371-29%
O'Kean, AR20573-27%
Minturn, AR8574-26%
Delaplaine, AR5674-26%
Sedgwick, AR16275-25%
Walnut Ridge, AR4,80078-22%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Cheboygan, MI4,80183-17%
Cocoa West, FL4,80285-15%
Tonganoxie, KS4,80292-8%
Flourtown, PA4,80213434%
Moon Lake, FL4,80282-18%
Walnut Ridge, AR4,80078-22%
Source: The Walnut Ridge, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.