Marion, AR Cost Of Living

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Marion 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.
Index	Marion	Arkansas	National
Cost of living index	85	84	100
Index	Marion	Arkansas	National
Goods & Services index	86	95	100
Groceries index	89	90	100
Health care index	77	86	100
Housing index	80	65	100
Transportation index	87	83	100
Utilities index	88	91	100

A general overview of the cost of living index for Marion, AR is displayed above. In Marion, AR, the overall cost of living index is 85, which is 1% higher than the Arkansas average and 15% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Marion, AR, the city's goods and services are 10% lower than the Arkansas average and 15% lower than the U.S. average.

Did you know?

The cost of living in Marion is 1% higher than the Arkansas average.
The cost of living in Marion is 15% lower than the national average.
The cost of housing in Marion is 20% 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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Compare Marion, AR Cost of living To Other Cities

Salary Calculator

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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

Using the salary calculator lets you compare the salary you earn in Marion, AR to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Marion, AR, you have to earn a higher income in order to still have the same standard of living. To operate the Marion, AR salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$75,482	$6,290	$1,761	$2,265
Renters	$41,216	$3,435	$962	$1,237

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Marion, AR, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Marion, AR has a median income of about $75,482 for people who own homes. Based on that number, a person should spend a maximum of $1,761 on expenses related to housing. Renters have a slightly different median income, which is $41,216. Based on this average, renters should spend no more than $962 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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	0.9%	6.9%

For those who live in Marion, AR and want to know what the true cost of living is, they ought to look at both the Arkansas income tax rate and the Arkansas sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In Arkansas, the sales tax is 6.5%, while the most you'll pay in surtax is 11.625%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in Arkansas, the income tax rate ranges between 0.9% to 6.9%.

Goods & Services

Item	Marion	National avg.	Difference
Haircut	$14.50	$17.49	17.1%
Beauty Salon	$33.00	$38.17	13.5%
Toothpaste	$1.76	$2.32	24.2%
Shampoo	$0.79	$1.01	21.9%
Movie	$12.17	$10.72	13.5%
Bowling	$17.50	$13.86	26.3%

Groceries

Item	Marion	National avg.	Difference
Ground Beef	$3.14	$3.90	19.5%
Fried Chicken	$0.83	$1.40	40.5%
Milk	$2.01	$1.96	2.4%
Potatoes	$3.19	$3.18	0.2%
Pizza	$8.25	$10.39	20.6%
Beer	$8.84	$9.23	4.2%

Health Care

Item	Marion	National avg.	Difference
Optometrist	$61.66	$106.34	42.0%
Doctor	$74.63	$115.25	35.2%
Dentist	$75.17	$98.38	23.6%
Ibuprofen	$7.98	$9.26	13.8%
Lipitor	$466.06	$466.47	0.1%

Housing

Item	Marion	National avg.	Difference
Home Price	$147,200.00	$184,700.00	20.3%
Avg. Mortgage Payment	$921.18	$1,273.32	27.7%
Apartment Rent	$781.00	$949.00	17.7%

Transportation

Item	Marion	National avg.	Difference
Gasoline	$2.30	$2.59	11.4%
Tire Balancing	$42.16	$48.90	13.8%

Utilities

Item	Marion	National avg.	Difference
All Electricity	$131.84	$167.60	21.3%
Phone	$182.13	$163.42	11.5%

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.
Jericho, AR	96	86	-14%
Sunset, AR	168	69	-31%
Turrell, AR	469	71	-29%
Gilmore, AR	189	72	-28%
Earle, AR	1,989	74	-26%
Marion, AR	12,323	85	-15%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Channahon, IL	12,329	105	5%
Panama City Beach, FL	12,333	102	2%
Bayou Blue, LA	12,333	91	-9%
Mountain Home, AR	12,312	86	-14%
Steamboat Springs, CO	12,336	139	39%
Marion, AR	12,323	85	-15%

Marion, AR Cost of Living