Morrilton 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.
Cost of living index7484100
Goods & Services index8595100
Groceries index8590100
Health care index8386100
Housing index5365100
Transportation index7283100
Utilities index8791100
Here we can see a simple outline of the cost of living in Morrilton, AR. As you can see, with the average cost of living in Morrilton, AR being 74, that puts it 11% lower than the average of Arkansas and 26% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Morrilton, AR, the price of goods and services are 11% lower than the average of Arkansas as well as 15% lower than the nation's average.
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Did you know?

  • The cost of living in Morrilton is 11% lower than the Arkansas average.
  • The cost of living in Morrilton is 26% lower than the national average.
  • The cost of housing in Morrilton is 47% 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.

Compare Morrilton, AR Cost of living To Other Cities

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Morrilton, AR would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Morrilton, AR, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Morrilton, AR salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
The affordability of the housing market in Morrilton, AR as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Morrilton, AR homeowners, the median income is $52,179. This indicates that a monthly maximum of $1,217 should be spent by homeowners on all housing related costs. Renters have a median income of $15,270. This indicates that renters should have a maximum of $356 used for their rent related monthly costs.

Arkansas Sales Tax

StateGeneral Sales TaxWith Max Surtax

Arkansas Income Tax

StateIncome Tax (Low)Income Tax (High)
When assessing the complete cost of living in Morrilton, AR, the Arkansas income tax and the Arkansas sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Arkansas maximum surtax is 11.625%, and the Arkansas sales tax is 6.5%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0.9% to 6.9% in Arkansas.

Goods & Services

ItemMorriltonNational avg.Difference
Haircut $13.50$17.4922.8%
Beauty Salon $22.50$38.1741.1%
Toothpaste $1.67$2.3228.0%
Shampoo $0.78$1.0122.9%
Movie $9.50$10.7211.4%
Bowling $12.00$13.8613.4%


ItemMorriltonNational avg.Difference
Ground Beef $3.70$3.905.1%
Fried Chicken $1.08$1.4022.6%
Milk $1.83$1.966.7%
Potatoes $3.10$3.182.6%
Pizza $9.79$10.395.8%
Beer $8.51$9.237.8%

Health Care

ItemMorriltonNational avg.Difference
Optometrist $114.00$106.347.2%
Doctor $109.67$115.254.8%
Dentist $65.00$98.3833.9%
Ibuprofen $7.98$9.2613.8%
Lipitor $422.00$466.479.5%


ItemMorriltonNational avg.Difference
Home Price $93,100.00$184,700.0049.6%
Avg. Mortgage Payment $1,027.41$1,273.3219.3%
Apartment Rent $566.00$949.0040.4%


ItemMorriltonNational avg.Difference
Gasoline $1.53$2.5941.1%
Tire Balancing $46.64$48.904.6%


ItemMorriltonNational avg.Difference
All Electricity$123.54$167.6026.3%
Phone $189.36$163.4215.9%
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, StatePopulationCost of Living IndexNational Avg.
Bigelow, AR37768-32%
Fourche, AR7470-30%
Plumerville, AR1,03173-27%
Adona, AR14373-27%
Perry, AR25173-27%
Morrilton, AR6,74674-26%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bayville, NY6,74515555%
Lake City, SC6,75184-16%
Ephraim, UT6,75196-4%
Interlaken, CA6,73813131%
Taneytown, MD6,75511111%
Morrilton, AR6,74674-26%
Source: The Morrilton, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.
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