Bryant, Arkansas Cost Of Living

B+

4%

Overall NAT. AVG.

8%

Goods & Services NAT. AVG.

17%

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	Bryant	Arkansas	National
Cost of living	96	87	100
Goods & Services	108	99	100
Groceries	95	93	100
Health care	78	82	100
Housing	83	65	100
Transportation	92	92	100
Utilities	102	98	100

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Cost Of Living Quick Facts

The cost of living in Bryant is 10% higher than the Arkansas average
The cost of living in Bryant is 4% lower than the national average
Bryant housing is 17% 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	$86,752	$7,229	$2,024	$2,603
Renters	$38,702	$3,225	$903	$1,161

To approximate the cost of living and the housing affordability in Bryant, 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 Bryant have a median income of $86,752. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,024 per month to avoid calamity and poverty. The renters in the city have an income of about $38,702, which would make their monthly maximum allowable rental costs $903.

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	Bryant	National avg.	Difference
Haircut	$29.39	$22.08	33.1%
Beauty Salon	$52.55	$42.88	22.6%
Toothpaste	$2.16	$2.57	15.9%
Shampoo	$0.99	$1.15	14.2%
Movie	$13.04	$11.51	13.4%
Bowling	$15.83	$16.62	4.7%

Groceries

Item	Bryant	National avg.	Difference
Ground Beef	$4.93	$4.98	1.0%
Fried Chicken	$1.41	$1.58	11.2%
Milk	$2.12	$2.42	12.5%
Potatoes	$3.36	$3.54	4.9%
Pizza	$11.78	$11.49	2.5%
Beer	$9.70	$10.04	3.4%

Health Care

Item	Bryant	National avg.	Difference
Optometrist	$94.06	$117.76	20.1%
Doctor	$116.78	$125.34	6.8%
Dentist	$58.25	$107.52	45.8%
Ibuprofen	$9.37	$10.26	8.7%
Lipitor	$431.72	$459.24	6.0%

Housing

Item	Bryant	National avg.	Difference
Home Price	$166,600.00	$184,700.00	9.8%
Avg. Mortgage Payment	$1,584.23	$1,697.41	6.7%
Apartment Rent	$800.00	$949.00	15.7%

Transportation

Item	Bryant	National avg.	Difference
Gasoline	$3.52	$3.85	8.6%
Tire Balancing	$54.16	$57.01	5.0%

Utilities

Item	Bryant	National avg.	Difference
All Electricity	$173.46	$177.27	2.2%
Phone	$204.44	$189.62	7.8%

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.
Salem city, AR	1,935	83	17.3%
College Station, AR	316	83	16.6%
Sweet Home, AR	926	85	14.6%
Bauxite, AR	670	87	13.4%
Traskwood, AR	350	85	15.2%
Bryant, AR	20,563	96	4.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Prunedale, CA	20,560	136	36.4%
Hammond, LA	20,557	93	6.9%
Clemmons, NC	20,574	102	2.3%
Adrian, MI	20,550	87	13.4%
Palm Valley, FL	20,540	124	23.8%
Bryant, AR	20,563	96	4.4%

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