Beebe, Arkansas Cost Of Living

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Overall 8%

Goods & Services 9%

Housing 29%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Beebe	Arkansas	National
Cost of living	92	87	100
Goods & Services	109	102	100
Groceries	92	93	100
Health care	83	85	100
Housing	71	65	100
Transportation	98	92	100
Utilities	96	92	100

Key findings

The cost of living in Beebe is 5% higher than the Arkansas average
The cost of living in Beebe is 8% lower than the national average
Beebe housing is 29% lower than the national average
Arkansas general sales tax is 28% higher than the national average
Arkansas state income tax is 19% lower than the national average

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Price difference in compared to

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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$60,850	$5,071	$1,420	$1,826
Renters	$26,193	$2,183	$611	$786

To approximate the cost of living and the housing affordability in Beebe, AR, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Beebe have a median income of $60,850. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,420 per month to avoid calamity and poverty. The renters in the city have an income of about $26,193, which would make their monthly maximum allowable rental costs $611.

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	2%	6.6%

Goods & Services

Item	Beebe	National avg.	Difference
Haircut	$27.47	$20.27	35.5%
Beauty Salon	$51.64	$40.39	27.8%
Toothpaste	$1.95	$2.36	17.2%
Shampoo	$0.94	$1.08	13.0%
Movie	$12.38	$10.99	12.7%
Bowling	$14.08	$15.49	9.1%

Groceries

Item	Beebe	National avg.	Difference
Ground Beef	$3.86	$4.30	10.3%
Fried Chicken	$1.10	$1.40	21.6%
Milk	$1.85	$2.20	16.2%
Potatoes	$3.38	$3.22	5.0%
Pizza	$10.78	$10.74	0.4%
Beer	$9.82	$9.60	2.3%

Health Care

Item	Beebe	National avg.	Difference
Optometrist	$89.78	$109.73	18.2%
Doctor	$121.28	$118.34	2.5%
Dentist	$55.56	$100.94	45.0%
Ibuprofen	$9.21	$9.93	7.3%
Lipitor	$495.49	$469.53	5.5%

Housing

Item	Beebe	National avg.	Difference
Home Price	$122,800.00	$184,700.00	33.5%
Avg. Mortgage Payment	$1,186.82	$1,229.62	3.5%
Apartment Rent	$763.00	$949.00	19.6%

Transportation

Item	Beebe	National avg.	Difference
Gasoline	$2.41	$2.71	10.9%
Tire Balancing	$58.67	$51.86	13.1%

Utilities

Item	Beebe	National avg.	Difference
All Electricity	$148.28	$170.84	13.2%
Phone	$200.68	$187.18	7.2%

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	Population	Cost of Living Index	National Avg.
Griffithville, AR	116	82	18.1%
Kensett, AR	1,558	74	26.4%
Garner, AR	169	74	26.3%
McRae, AR	825	75	25.5%
Judsonia, AR	2,065	78	21.7%
Beebe, AR	7,952	92	8.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
St. Johns, MI	7,951	89	10.9%
Venice Gardens, FL	7,950	101	1.4%
Skidaway Island, GA	7,950	132	32.3%
Wellington, KS	7,950	82	17.5%
Fishersville, VA	7,954	108	8.1%
Beebe, AR	7,952	92	8.0%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.