Bentonville, Arkansas Cost Of Living

A-

4%

Overall NAT. AVG.

1%

Goods & Services NAT. AVG.

4%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; 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	Bentonville	Arkansas	National
Cost of living	96	87	100
Goods & Services	99	99	100
Groceries	91	93	100
Health care	85	82	100
Housing	96	65	100
Transportation	101	92	100
Utilities	95	98	100

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Cost Of Living Quick Facts

The cost of living in Bentonville is 11% higher than the Arkansas average
The cost of living in Bentonville is 4% lower than the national average
Bentonville housing is 4% lower than the national average
Arkansas general sales tax is 27% higher than the national average
Arkansas state income tax is 11% 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	$119,788	$9,982	$2,795	$3,594
Renters	$63,795	$5,316	$1,488	$1,914

A good indicator of the general affordability of housing in Bentonville, AR, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Bentonville, the median monthly income is $119,788 for those who own their own homes. Under the standard rule, that income level would allow for $2,795 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $63,795, per the median income in the area. That would allow for renters to spend up to $1,488 on monthly rental expenses.

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%	5.5%

Goods & Services

Item	Bentonville	National avg.	Difference
Haircut	$22.50	$22.08	1.9%
Beauty Salon	$51.11	$42.88	19.2%
Toothpaste	$2.32	$2.57	9.7%
Shampoo	$0.97	$1.15	15.6%
Movie	$12.21	$11.51	6.1%
Bowling	$15.22	$16.62	8.4%

Groceries

Item	Bentonville	National avg.	Difference
Ground Beef	$5.47	$4.98	9.8%
Fried Chicken	$1.20	$1.58	24.0%
Milk	$2.07	$2.42	14.3%
Potatoes	$3.93	$3.54	11.1%
Pizza	$9.99	$11.49	13.0%
Beer	$9.66	$10.04	3.8%

Health Care

Item	Bentonville	National avg.	Difference
Optometrist	$85.56	$117.76	27.3%
Doctor	$115.83	$125.34	7.6%
Dentist	$83.28	$107.52	22.5%
Ibuprofen	$9.04	$10.26	11.9%
Lipitor	$409.33	$459.24	10.9%

Housing

Item	Bentonville	National avg.	Difference
Home Price	$258,300.00	$184,700.00	39.8%
Avg. Mortgage Payment	$1,489.66	$1,697.41	12.2%
Apartment Rent	$978.00	$949.00	3.1%

Transportation

Item	Bentonville	National avg.	Difference
Gasoline	$3.37	$3.85	12.3%
Tire Balancing	$72.78	$57.01	27.6%

Utilities

Item	Bentonville	National avg.	Difference
All Electricity	$150.76	$177.27	15.0%
Phone	$206.00	$189.62	8.6%

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.
Springtown, AR	136	81	18.9%
Decatur, AR	1,536	82	17.6%
Noel, MO	2,051	83	17.3%
Pineville, MO	917	79	21.1%
Gravette, AR	3,456	86	13.7%
Bentonville, AR	52,070	96	3.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Placentia, CA	52,049	159	59.4%
Oak Park, IL	52,102	127	26.6%
Whitchurch-Stouffville, ON	52,025	n/a
Queen Creek, AZ	52,162	112	11.9%
Mascouche, QC	52,212	n/a
Bentonville, AR	52,070	96	3.8%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2023; this is the most current data available.