Batesville, AR Cost Of Living

Batesville 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.
Index	Batesville	Arkansas	National
Cost of living index	81	84	100
Index	Batesville	Arkansas	National
Goods & Services index	89	92	100
Groceries index	91	91	100
Health care index	82	88	100
Housing index	64	65	100
Transportation index	87	87	100
Utilities index	87	97	100

An overview of the general cost of living index for Batesville, AR is displayed above for your reference. Residents in Batesville, AR enjoy a cost of living index of 81. This index is 3% lower than the Arkansas average, and 19% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Batesville, AR, the average cost of goods and services is 3% lower than it is in Arkansas, and it is 11% lower than the national average.

Did you know?

The cost of living in Batesville is 3% lower than the Arkansas average.
The cost of living in Batesville is 19% lower than the national average.
The cost of housing in Batesville is 36% 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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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 salary in Batesville, 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 Batesville, AR, then you would need to earn more income in order to maintain the same standard of living. To use the Batesville, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$55,682	$4,640	$1,299	$1,671
Renters	$22,196	$1,850	$518	$666

How much of your monthly income goes to housing can tell you whether or not you can afford housing in Batesville, 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 Batesville, AR homeowners have a median income of $55,682. Using that number, you will come up with a maximum of $1,299 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $22,196, which means there is a maximum of $518 to be spent on the costs of renting a home or apartment.

Arkansas Sales Tax

State	General Sales Tax	With Max Surtax
Arkansas	6.5%	11.625%

Arkansas Income Tax

State	Income Tax (Low)	Income Tax (High)
Arkansas	0.9%	6.9%

When considering the overall cost of living expenses in Batesville, AR, it's important to take into account the sales tax for Arkansas, as well as the rate for income tax in Arkansas. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Arkansas is 11.625%, and the sales tax in the state of Arkansas is 6.5%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Arkansas starts from 0.9% and goes up to 6.9%.

Goods & Services

Item	Batesville	National avg.	Difference
Haircut	$15.56	$16.09	3.3%
Beauty Salon	$22.78	$37.33	39.0%
Toothpaste	$1.67	$2.45	31.6%
Shampoo	$0.80	$1.00	19.7%
Movie	$9.50	$10.28	7.6%
Bowling	$4.25	$4.93	13.8%

Groceries

Item	Batesville	National avg.	Difference
Ground Beef	$3.31	$3.80	13.1%
Fried Chicken	$1.06	$1.40	24.1%
Milk	$1.46	$2.01	27.1%
Potatoes	$2.88	$3.01	4.2%
Pizza	$9.43	$9.89	4.6%
Beer	$9.00	$8.90	1.1%

Health Care

Item	Batesville	National avg.	Difference
Optometrist	$71.67	$102.16	29.8%
Doctor	$85.69	$108.36	20.9%
Dentist	$69.56	$92.53	24.8%
Ibuprofen	$8.23	$9.28	11.3%
Lipitor	$412.86	$425.82	3.0%

Housing

Item	Batesville	National avg.	Difference
Home Price	$120,400.00	$184,700.00	34.8%
Avg. Mortgage Payment	$952.61	$1,202.44	20.8%
Apartment Rent	$580.00	$949.00	38.9%

Transportation

Item	Batesville	National avg.	Difference
Gasoline	$2.01	$2.24	10.3%
Tire Balancing	$37.21	$46.29	19.6%

Utilities

Item	Batesville	National avg.	Difference
All Electricity	$124.14	$165.96	25.2%
Phone	$29.33	$28.68	2.3%

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, State	Population	Cost of Living Index	National Avg.
Concord, AR	187	67	-33%
Magness, AR	175	72	-28%
Cushman, AR	446	73	-27%
Sulphur Rock, AR	413	74	-26%
Cave City, AR	2,366	75	-25%
Batesville, AR	10,579	81	-19%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Lawrenceburg, TN	10,573	80	-20%
Burlington, WI	10,571	96	-4%
Forest Acres, SC	10,571	104	4%
Lyons, IL	10,571	104	4%
Vernal, UT	10,588	93	-7%
Batesville, AR	10,579	81	-19%

Source: The Batesville, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Batesville, AR Cost of Living