Georgetown, Arkansas Cost Of Living

Buy Rent

A

Overall 23%

Goods & Services 1%

Housing 70%

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.
Index	Georgetown	Arkansas	National
Cost of living	77	84	100
Goods & Services	101	95	100
Groceries	91	90	100
Health care	92	86	100
Housing	30	65	100
Transportation	96	83	100
Utilities	96	91	100

Key findings

The cost of living in Georgetown is 8% lower than the Arkansas average
The cost of living in Georgetown is 23% lower than the national average
Georgetown housing is 70% 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	$36,875	$3,073	$860	$1,106
Renters	$0	$0	$0	$0

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	Georgetown	National avg.	Difference
Haircut	$14.80	$17.49	15.4%
Beauty Salon	$40.20	$38.17	5.3%
Toothpaste	$1.74	$2.32	25.0%
Shampoo	$0.78	$1.01	22.9%
Movie	$12.00	$10.72	11.9%
Bowling	$13.00	$13.86	6.2%

Groceries

Item	Georgetown	National avg.	Difference
Ground Beef	$3.75	$3.90	3.8%
Fried Chicken	$1.14	$1.40	18.3%
Milk	$1.89	$1.96	3.7%
Potatoes	$3.23	$3.18	1.5%
Pizza	$9.79	$10.39	5.8%
Beer	$9.65	$9.23	4.6%

Health Care

Item	Georgetown	National avg.	Difference
Optometrist	$110.00	$106.34	3.4%
Doctor	$133.00	$115.25	15.4%
Dentist	$66.33	$98.38	32.6%
Ibuprofen	$7.98	$9.26	13.8%
Lipitor	$490.14	$466.47	5.1%

Housing

Item	Georgetown	National avg.	Difference
Home Price	$55,800.00	$184,700.00	69.8%
Avg. Mortgage Payment	$1,261.70	$1,273.32	0.9%
Apartment Rent	$0.00	$949.00	100.0%

Transportation

Item	Georgetown	National avg.	Difference
Gasoline	$2.31	$2.59	10.7%
Tire Balancing	$54.00	$48.90	10.4%

Utilities

Item	Georgetown	National avg.	Difference
All Electricity	$149.48	$167.60	10.8%
Phone	$188.02	$163.42	15.1%

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, State	Population	Cost of Living Index	National Avg.
Cotton Plant, AR	653	75	-25%
Patterson, AR	408	72	-28%
Augusta, AR	2,387	75	-25%
Griffithville, AR	116	79	-21%
Kensett, AR	1,558	70	-30%
Georgetown, AR	76	77	-23%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Chewey, OK	76	388	288%
Danbury, NE	76	71	-29%
Princeton, ID	76	101	1%
Chitina, AK	76	87	-13%
Los Veteranos II, TX	76	104	4%
Georgetown, AR	76	77	-23%

Source: The Georgetown, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Georgetown, AR Cost of Living