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.
The above illustration supplies generalized information for the Mountain Home, AR cost of living index. Compared to other cities in Arkansas and cities across the country, the cost of living index in Mountain Home, AR is 86, which is 2% higher than the Arkansas average and 14% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Mountain Home, AR are 2% higher than the average for Arkansas and 6% lower than the rest of the country.
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The cost of living in Mountain Home is 2% higher than the Arkansas average.
The cost of living in Mountain Home is 14% lower than the national average.
The cost of housing in Mountain Home is 36% 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 Mountain Home, AR Cost of living To Other Cities
This is how much you would need to earn in Price difference in compared to
Cost of living index
Goods & Services index
Health care index
Use the salary calculator to compare your current income in Mountain Home, AR to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Mountain Home, AR, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Mountain Home, AR salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Mountain Home, AR as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Mountain Home, AR homeowners, is $40,609. This would allow for a maximum of $947 per month to be spent on housing costs. For renters, the median monthly income is $26,362 which would result in a maximum of $615 to be spent on rental costs.
Arkansas Sales Tax
General Sales Tax
With Max Surtax
Arkansas Income Tax
Income Tax (Low)
Income Tax (High)
When assessing the complete cost of living in Mountain Home, 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
Avg. Mortgage Payment
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.