Hackett, Arkansas Cost Of Living

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Overall 19%

Goods & Services 7%

Housing 48%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; 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	Hackett	Arkansas	National
Cost of living	81	87	100
Goods & Services	93	102	100
Groceries	95	93	100
Health care	79	85	100
Housing	52	65	100
Transportation	100	92	100
Utilities	92	92	100

Key findings

The cost of living in Hackett is 7% lower than the Arkansas average
The cost of living in Hackett is 19% lower than the national average
Hackett housing is 48% 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	$48,438	$4,037	$1,130	$1,453
Renters	$11,745	$979	$274	$352

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	Hackett	National avg.	Difference
Haircut	$18.28	$20.27	9.8%
Beauty Salon	$35.78	$40.39	11.4%
Toothpaste	$2.32	$2.36	1.8%
Shampoo	$0.96	$1.08	10.5%
Movie	$10.89	$10.99	0.9%
Bowling	$16.17	$15.49	4.4%

Groceries

Item	Hackett	National avg.	Difference
Ground Beef	$4.98	$4.30	15.8%
Fried Chicken	$1.04	$1.40	25.7%
Milk	$2.90	$2.20	31.6%
Potatoes	$3.52	$3.22	9.3%
Pizza	$7.90	$10.74	26.5%
Beer	$9.38	$9.60	2.3%

Health Care

Item	Hackett	National avg.	Difference
Optometrist	$73.06	$109.73	33.4%
Doctor	$81.11	$118.34	31.5%
Dentist	$72.78	$100.94	27.9%
Ibuprofen	$9.87	$9.93	0.6%
Lipitor	$467.63	$469.53	0.4%

Housing

Item	Hackett	National avg.	Difference
Home Price	$77,000.00	$184,700.00	58.3%
Avg. Mortgage Payment	$941.09	$1,229.62	23.5%
Apartment Rent	$723.00	$949.00	23.8%

Transportation

Item	Hackett	National avg.	Difference
Gasoline	$2.66	$2.71	1.8%
Tire Balancing	$52.89	$51.86	2.0%

Utilities

Item	Hackett	National avg.	Difference
All Electricity	$134.96	$170.84	21.0%
Phone	$202.06	$187.18	8.0%

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.
Moffett, OK	140	75	25.0%
Midland, AR	388	76	24.2%
Cameron, OK	347	72	27.8%
Panama, OK	1,241	73	27.4%
Huntington, AR	633	77	22.7%
Hackett, AR	931	81	19.1%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Dagsboro, DE	931	109	9.2%
Goodfield, IL	931	94	6.2%
Ossineke, MI	931	82	17.6%
Sanford, MI	931	88	11.9%
Diamond, MO	931	77	22.7%
Hackett, AR	931	81	19.1%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.