Norfork, Arkansas Cost Of Living

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A

Overall 20%

Goods & Services 15%

Housing 26%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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	Norfork	Arkansas	National
Cost of living	80	84	100
Goods & Services	85	95	100
Groceries	85	90	100
Health care	83	86	100
Housing	74	65	100
Transportation	72	83	100
Utilities	87	91	100

Key findings

The cost of living in Norfork is 4% lower than the Arkansas average
The cost of living in Norfork is 20% lower than the national average
Norfork housing is 26% lower than the national average
Arkansas general sales tax is 28% higher than the national average
Arkansas state income tax is 19% 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	$37,083	$3,090	$865	$1,113
Renters	$30,769	$2,564	$718	$923

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%	6.6%

Goods & Services

Item	Norfork	National avg.	Difference
Haircut	$13.50	$17.49	22.8%
Beauty Salon	$22.50	$38.17	41.1%
Toothpaste	$1.67	$2.32	28.0%
Shampoo	$0.78	$1.01	22.9%
Movie	$9.50	$10.72	11.4%
Bowling	$12.00	$13.86	13.4%

Groceries

Item	Norfork	National avg.	Difference
Ground Beef	$3.70	$3.90	5.1%
Fried Chicken	$1.08	$1.40	22.6%
Milk	$1.83	$1.96	6.7%
Potatoes	$3.10	$3.18	2.6%
Pizza	$9.79	$10.39	5.8%
Beer	$8.51	$9.23	7.8%

Health Care

Item	Norfork	National avg.	Difference
Optometrist	$114.00	$106.34	7.2%
Doctor	$109.67	$115.25	4.8%
Dentist	$65.00	$98.38	33.9%
Ibuprofen	$7.98	$9.26	13.8%
Lipitor	$422.00	$466.47	9.5%

Housing

Item	Norfork	National avg.	Difference
Home Price	$152,200.00	$184,700.00	17.6%
Avg. Mortgage Payment	$1,027.41	$1,273.32	19.3%
Apartment Rent	$513.00	$949.00	45.9%

Transportation

Item	Norfork	National avg.	Difference
Gasoline	$1.53	$2.59	41.1%
Tire Balancing	$46.64	$48.90	4.6%

Utilities

Item	Norfork	National avg.	Difference
All Electricity	$123.54	$167.60	26.3%
Phone	$189.36	$163.42	15.9%

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, State	Population	Cost of Living Index	National Avg.
Big Flat, AR	43	69	-31%
Pineville, AR	235	70	-30%
Calico Rock, AR	1,714	72	-28%
Salesville, AR	367	73	-27%
Midway, AR	1,096	82	-18%
Norfork, AR	537	80	-20%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
White City, KS	537	80	-20%
Happy Valley, NM	537	79	-21%
North Powder, OR	537	89	-11%
Florence, WI	537	78	-22%
Schaghticoke, NY	537	98	-2%
Norfork, AR	537	80	-20%

Source: The Norfork, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Norfork, AR Cost of Living