Cost of Living in Booneville, AR

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19%
Overall NAT. AVG.
8%
Groceries NAT. AVG.
49%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Booneville Arkansas National
Cost of living8186100
Groceries9396100
Health care9695100
Housing5167100
Transportation9694100
Utilities8993100
Lifestyle & Entertainment9793100
Household Items9496100
Education & Childcare8892100
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Homes For Sale In Booneville, AR

property for sale

867 S Rhyne Ave

Booneville, AR
property for sale

5978 Hawthorn Rd

Booneville, AR
property for sale

618 N Bennett Ave

Booneville, AR
property for sale

15531 James Hattabaugh Rd

Booneville, AR
See the Newest Homes For Sale In Booneville, AR

Cost Of Living Quick Facts

  • The cost of living in Booneville is 6% lower than the Arkansas average
  • The cost of living in Booneville is 19% lower than the national average
  • Booneville housing is 49% lower than the national average
  • Arkansas general sales tax is 27% higher than the national average
  • Arkansas state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Booneville

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$57,750$4,813$1,347$1,733
      Renters$39,110$3,259$913$1,173
      The affordability of the housing market in Booneville, AR as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Booneville homeowners, the median income is $57,750. This indicates that a monthly maximum of $1,347 should be spent by homeowners on all housing related costs. Renters have a median income of $39,110. This indicates that renters would have a maximum of $913 for their rent related monthly costs.

      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% 4.9%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Branch, AR4037723.4%
      Ratcliff, AR2087920.9%
      Magazine, AR9848119.0%
      Paris, AR3,5068118.6%
      Charleston, AR2,5448316.8%
      Booneville, AR3,9318119.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Scott AFB, IL3,93111514.8%
      Woodbridge, CA3,93014343.5%
      Rochester, WI3,93211110.5%
      Avenue B and C, AZ3,929919.0%
      Huntingdon, TN3,9298713.2%
      Booneville, AR3,9318119.5%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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