Little Rock, Arkansas Cost Of Living

B+

4%

Overall NAT. AVG.

9%

Goods & Services NAT. AVG.

16%

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	Little Rock	Arkansas	National
Cost of living	96	87	100
Goods & Services	109	102	100
Groceries	92	93	100
Health care	83	85	100
Housing	84	65	100
Transportation	98	92	100
Utilities	96	92	100

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Cost Of Living Quick Facts

The cost of living in Little Rock is 10% higher than the Arkansas average
The cost of living in Little Rock is 4% lower than the national average
Little Rock housing is 16% 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

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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	$66,802	$5,567	$1,559	$2,004
Renters	$31,785	$2,649	$742	$954

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Little Rock, AR, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Little Rock, homeowners have a median income of $66,802. Using that number, a maximum of $1,559 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $31,785, which means there is a maximum of $742 to be spent on the costs of renting a home or apartment.

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	Little Rock	National avg.	Difference
Haircut	$27.47	$20.27	35.5%
Beauty Salon	$51.64	$40.39	27.8%
Toothpaste	$1.95	$2.36	17.2%
Shampoo	$0.94	$1.08	13.0%
Movie	$12.38	$10.99	12.7%
Bowling	$14.08	$15.49	9.1%

Groceries

Item	Little Rock	National avg.	Difference
Ground Beef	$3.86	$4.30	10.3%
Fried Chicken	$1.10	$1.40	21.6%
Milk	$1.85	$2.20	16.2%
Potatoes	$3.38	$3.22	5.0%
Pizza	$10.78	$10.74	0.4%
Beer	$9.82	$9.60	2.3%

Health Care

Item	Little Rock	National avg.	Difference
Optometrist	$89.78	$109.73	18.2%
Doctor	$121.28	$118.34	2.5%
Dentist	$55.56	$100.94	45.0%
Ibuprofen	$9.21	$9.93	7.3%
Lipitor	$495.49	$469.53	5.5%

Housing

Item	Little Rock	National avg.	Difference
Home Price	$154,700.00	$184,700.00	16.2%
Avg. Mortgage Payment	$1,186.82	$1,229.62	3.5%
Apartment Rent	$803.00	$949.00	15.4%

Transportation

Item	Little Rock	National avg.	Difference
Gasoline	$2.41	$2.71	10.9%
Tire Balancing	$58.67	$51.86	13.1%

Utilities

Item	Little Rock	National avg.	Difference
All Electricity	$148.28	$170.84	13.2%
Phone	$200.68	$187.18	7.2%

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.
Scott, AR	36	101	1.1%
Wrightsville, AR	1,246	83	16.7%
College Station, AR	598	84	16.3%
Woodson, AR	466	84	15.8%
Sweet Home, AR	582	86	14.3%
Little Rock, AR	197,640	96	4.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Amarillo, TX	197,570	83	16.5%
Burlington, ON	197,435	n/a
Glendale, CA	197,895	166	65.9%
Augusta, GA	196,784	81	18.6%
Akron, OH	198,508	85	15.5%
Little Rock, AR	197,640	96	4.0%

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