A-
Overall 18%
Goods & Services 9%
Housing 37%
Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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.
IndexFort SmithArkansasNational
Cost of living8284100
Goods & Services9195100
Groceries9190100
Health care8286100
Housing6365100
Transportation9183100
Utilities9191100

Key findings

  • The cost of living in Fort Smith is 2% lower than the Arkansas average
  • The cost of living in Fort Smith is 18% lower than the national average
  • Fort Smith housing is 37% lower than the national average
  • Arkansas general sales tax is 28% higher than the national average
  • Arkansas state income tax is 10% lower than the national average

Most Affordable Places to Live in and Around Fort Smith

See all the best places to live around Fort Smith

Compare Fort Smith, AR Cost of Living

      vs
      How would you rate the cost of living in Fort Smith?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Fort Smith?
      Write a review to give others more information about this area.
      See all Fort Smith poll results

      Salary Calculator

      This is how much you would need to earn in
      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$51,550$4,296$1,203$1,547
      Renters$23,785$1,982$555$714
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Fort Smith, AR, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Fort Smith homeowners, is $51,550. This would allow for a maximum of $1,203 per month to be spent on housing costs. For renters, the median monthly income is $23,785 which would result in a maximum of $555 to be spent on rental costs.

      Arkansas Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Arkansas6.5%11.625%

      Arkansas Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Arkansas2%6.6%

      Goods & Services

      ItemFort SmithNational avg.Difference
      Haircut $17.98$17.492.8%
      Beauty Salon $32.46$38.1715.0%
      Toothpaste $1.49$2.3235.8%
      Shampoo $0.78$1.0122.9%
      Movie $10.00$10.726.8%
      Bowling $17.50$13.8626.3%

      Groceries

      ItemFort SmithNational avg.Difference
      Ground Beef $3.55$3.909.0%
      Fried Chicken $1.06$1.4024.1%
      Milk $1.08$1.9645.0%
      Potatoes $2.88$3.189.5%
      Pizza $8.00$10.3923.0%
      Beer $8.47$9.238.2%

      Health Care

      ItemFort SmithNational avg.Difference
      Optometrist $67.50$106.3436.5%
      Doctor $82.50$115.2528.4%
      Dentist $82.50$98.3816.1%
      Ibuprofen $7.97$9.2613.9%
      Lipitor $454.00$466.472.7%

      Housing

      ItemFort SmithNational avg.Difference
      Home Price $114,900.00$184,700.0037.8%
      Avg. Mortgage Payment $954.88$1,273.3225.0%
      Apartment Rent $626.00$949.0034.0%

      Transportation

      ItemFort SmithNational avg.Difference
      Gasoline $2.38$2.598.0%
      Tire Balancing $45.00$48.908.0%

      Utilities

      ItemFort SmithNational avg.Difference
      All Electricity$134.44$167.6019.8%
      Phone $190.30$163.4216.4%
      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, StatePopulationCost of Living IndexNational Avg.
      Moffett, OK14073-27%
      Stoney Point, OK31771-29%
      Nicut, OK32075-25%
      Arkoma, OK1,91276-24%
      Spiro, OK2,74073-27%
      Fort Smith, AR87,71282-18%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Asheville, NC87,5311022%
      Nampa, ID87,89692-8%
      Reading, PA87,89981-19%
      Norwalk, CT87,93014646%
      Deltona, FL87,38789-11%
      Fort Smith, AR87,71282-18%
      Source: The Fort Smith, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.