Hermitage, Arkansas Cost Of Living

A+

26%

Overall NAT. AVG.

4%

Goods & Services NAT. AVG.

69%

Housing NAT. AVG.

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	Hermitage	Arkansas	National
Cost of living	74	87	100
Goods & Services	96	102	100
Groceries	91	93	100
Health care	101	85	100
Housing	31	65	100
Transportation	89	92	100
Utilities	81	92	100

New Real Estate Listings in Hermitage Area

For Sale For Rent

Search

Search Homes for Sale in Hermitage, AR

See How Much House You Can Afford. Get Pre-Approved Today

Cost Of Living Quick Facts

The cost of living in Hermitage is 16% lower than the Arkansas average
The cost of living in Hermitage is 26% lower than the national average
Hermitage housing is 69% 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

Most Affordable Places to Live in and Around Hermitage

See all the best places to live around Hermitage

Compare Hermitage, AR Cost of Living

Write a review to give others more information about this area.

See all Hermitage poll results

The best places in Arkansas

Here are the best places to live in Arkansas

10 best cities to buy a new house in Arkansas

10 Best cities in Arkansas for employment

See the best places to live in & around Hermitage

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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$32,841	$2,737	$766	$985
Renters	$11,797	$983	$275	$354

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	Hermitage	National avg.	Difference
Haircut	$20.69	$20.27	2.1%
Beauty Salon	$33.28	$40.39	17.6%
Toothpaste	$2.22	$2.36	6.0%
Shampoo	$1.07	$1.08	0.3%
Movie	$9.79	$10.99	10.9%
Bowling	$14.08	$15.49	9.1%

Groceries

Item	Hermitage	National avg.	Difference
Ground Beef	$4.14	$4.30	3.7%
Fried Chicken	$1.17	$1.40	16.4%
Milk	$2.07	$2.20	5.9%
Potatoes	$2.70	$3.22	16.1%
Pizza	$10.32	$10.74	3.9%
Beer	$8.64	$9.60	10.0%

Health Care

Item	Hermitage	National avg.	Difference
Optometrist	$109.42	$109.73	0.3%
Doctor	$127.52	$118.34	7.8%
Dentist	$92.64	$100.94	8.2%
Ibuprofen	$10.66	$9.93	7.4%
Lipitor	$492.90	$469.53	5.0%

Housing

Item	Hermitage	National avg.	Difference
Home Price	$55,000.00	$184,700.00	70.2%
Avg. Mortgage Payment	$1,005.33	$1,229.62	18.2%
Apartment Rent	$318.00	$949.00	66.5%

Transportation

Item	Hermitage	National avg.	Difference
Gasoline	$2.36	$2.71	12.9%
Tire Balancing	$47.97	$51.86	7.5%

Utilities

Item	Hermitage	National avg.	Difference
All Electricity	$115.56	$170.84	32.4%
Phone	$183.56	$187.18	1.9%

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.
Banks, AR	119	69	30.8%
Harrell, AR	327	76	24.3%
Tinsman, AR	44	82	17.6%
Warren, AR	5,804	78	22.3%
Wilmar, AR	362	81	19.1%
Hermitage, AR	816	74	26.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Fort Jones, CA	816	96	4.5%
Tonyville, CA	816	100	0.1%
Hosford, FL	816	85	15.4%
Ridge Farm, IL	816	78	22.2%
St. Paul, KS	816	77	23.2%
Hermitage, AR	816	74	26.3%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.