Hot Springs cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexHot SpringsArkansasNational
Cost of living index8584100
IndexHot SpringsArkansasNational
Goods & Services index9392100
Groceries index9391100
Health care index9088100
Housing index6565100
Transportation index8587100
Utilities index10697100
An overview of the general cost of living index for Hot Springs, AR is displayed above for your reference. Residents in Hot Springs, AR enjoy a cost of living index of 85. This index is 1% higher than the Arkansas average, and 15% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Hot Springs, AR, the average cost of goods and services is 1% higher than it is in Arkansas, and it is 7% lower than the national average.

Did you know?

  • The cost of living in Hot Springs is 1% higher than the Arkansas average.
  • The cost of living in Hot Springs is 15% lower than the national average.
  • The cost of housing in Hot Springs is 35% lower than the national average.
  • Arkansas general sales tax is 28% higher than the national average.
  • Arkansas state income tax is 60% lower than the national average.

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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
The salary calculator is used in order to provide a comparison of your current salary in Hot Springs, AR to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Hot Springs, AR, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Hot Springs, AR salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Hot Springs, AR by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Hot Springs, AR have a median income of $42,799. Therefore, the amount that a consumer should spend on housing costs should be no more than $999 per month to avoid calamity and poverty. The renters in the city have an income of about $19,635, which would make their monthly maximum allowable rental costs $458.

Arkansas Sales Tax

StateGeneral Sales TaxWith Max Surtax

Arkansas Income Tax

StateIncome Tax (Low)Income Tax (High)
One thing to keep in mind when considering the cost of living in Hot Springs, AR is the Arkansas sales tax and Arkansas income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The Arkansas sales tax rate is 6.5% and the maximum surtax that can be charged is 11.625%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The Arkansas income tax rates range from 0.9% to 6.9%.

Goods & Services

ItemHot SpringsNational avg.Difference
Haircut $17.33$16.097.8%
Beauty Salon $27.88$37.3325.3%
Toothpaste $1.83$2.4525.4%
Shampoo $0.87$1.0013.4%
Movie $8.93$10.2813.1%
Bowling $3.72$4.9324.5%


ItemHot SpringsNational avg.Difference
Ground Beef $3.59$3.805.6%
Fried Chicken $1.13$1.4019.3%
Milk $2.14$2.016.4%
Potatoes $2.90$3.013.8%
Pizza $9.55$9.893.4%
Beer $9.03$8.901.5%

Health Care

ItemHot SpringsNational avg.Difference
Optometrist $138.80$102.1635.9%
Doctor $89.89$108.3617.0%
Dentist $76.17$92.5317.7%
Ibuprofen $8.24$9.2811.2%
Lipitor $431.67$425.821.4%


ItemHot SpringsNational avg.Difference
Home Price $117,000.00$184,700.0036.7%
Avg. Mortgage Payment $1,100.93$1,202.448.4%
Apartment Rent $667.00$949.0029.7%


ItemHot SpringsNational avg.Difference
Gasoline $2.05$2.248.5%
Tire Balancing $33.15$46.2928.4%


ItemHot SpringsNational avg.Difference
All Electricity$140.55$165.9615.3%
Phone $37.99$28.6832.4%
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.
Mountain Pine, AR80573-27%
Malvern, AR10,93780-20%
Lonsdale, AR14581-19%
Piney, AR4,14582-18%
Fountain Lake, AR37583-17%
Hot Springs, AR36,71185-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Longview, WA36,7201022%
Pleasant Grove, UT36,6781044%
Oakton, VA36,74816262%
Winter Haven, FL36,66988-12%
Milton, GA36,75513838%
Hot Springs, AR36,71185-15%
Source: The Hot Springs, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.