Bassett cost of living index

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.
The 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. The breakdown for each index is as follows: goods and services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
IndexBassettArkansasNational
Cost of living7584100
IndexBassettArkansasNational
Goods & Services8695100
Groceries8990100
Health care7786100
Housing4965100
Transportation8783100
Utilities8891100

Key findings

  • The cost of living in Bassett is 10% lower than the Arkansas average
  • The cost of living in Bassett is 25% lower than the national average
  • Bassett housing is 51% lower than the national average
  • Arkansas general sales tax is 28% higher than the national average
  • Arkansas state income tax is 10% lower than the national average

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Compare Bassett, AR Cost of Living To Other Cities

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      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$27,708$2,309$646$831
      Renters$0$0$0$0

      Arkansas Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Arkansas6.5%11.625%

      Arkansas Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Arkansas2%6.6%

      Goods & Services

      ItemBassettNational avg.Difference
      Haircut $14.50$17.4917.1%
      Beauty Salon $33.00$38.1713.5%
      Toothpaste $1.76$2.3224.2%
      Shampoo $0.79$1.0121.9%
      Movie $12.17$10.7213.5%
      Bowling $17.50$13.8626.3%

      Groceries

      ItemBassettNational avg.Difference
      Ground Beef $3.14$3.9019.5%
      Fried Chicken $0.83$1.4040.5%
      Milk $2.01$1.962.4%
      Potatoes $3.19$3.180.2%
      Pizza $8.25$10.3920.6%
      Beer $8.84$9.234.2%

      Health Care

      ItemBassettNational avg.Difference
      Optometrist $61.66$106.3442.0%
      Doctor $74.63$115.2535.2%
      Dentist $75.17$98.3823.6%
      Ibuprofen $7.98$9.2613.8%
      Lipitor $466.06$466.470.1%

      Housing

      ItemBassettNational avg.Difference
      Home Price $0.00$184,700.00100.0%
      Avg. Mortgage Payment $921.18$1,273.3227.7%
      Apartment Rent $463.00$949.0051.2%

      Transportation

      ItemBassettNational avg.Difference
      Gasoline $2.30$2.5911.4%
      Tire Balancing $42.16$48.9013.8%

      Utilities

      ItemBassettNational avg.Difference
      All Electricity$131.84$167.6021.3%
      Phone $182.13$163.4211.5%
      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.
      Birdsong, AR3768-32%
      Marie, AR6271-29%
      Joiner, AR49871-29%
      Etowah, AR24274-26%
      Turrell, AR46971-29%
      Bassett, AR24375-25%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Thomaston, AL24380-20%
      Delavan, MN24381-19%
      North Robinson, OH24381-19%
      Walton, KS24383-17%
      Halbur, IA24386-14%
      Bassett, AR24375-25%
      Source: The Bassett, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.