Cost Of Living in Osceola, AR

A+

19%

Overall NAT. AVG.

6%

Goods & Services NAT. AVG.

46%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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	Osceola	Arkansas	National
Cost of living	81	86	100
Goods & Services	94	98	100
Groceries	100	95	100
Health care	87	88	100
Housing	54	65	100
Transportation	88	90	100
Utilities	90	92	100

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Cost Of Living Quick Facts

The cost of living in Osceola is 5% lower than the Arkansas average
The cost of living in Osceola is 19% lower than the national average
Osceola housing is 46% 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	$50,640	$4,220	$1,182	$1,519
Renters	$23,998	$2,000	$560	$720

The affordability of the housing market in Osceola, AR as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Osceola homeowners, the median income is $50,640. This indicates that a monthly maximum of $1,182 should be spent by homeowners on all housing related costs. Renters have a median income of $23,998. This indicates that renters would have a maximum of $560 for their rent related monthly costs.

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	Osceola	National avg.	Difference
Haircut	$26.94	$24.26	11.0%
Beauty Salon	$41.92	$45.56	8.0%
Toothpaste	$3.62	$3.70	2.1%
Shampoo	$1.11	$1.28	13.1%
Movie	$11.99	$12.13	1.2%
Bowling	$13.75	$18.00	23.6%

Groceries

Item	Osceola	National avg.	Difference
Ground Beef	$6.10	$5.84	4.5%
Fried Chicken	$1.46	$1.57	7.0%
Milk	$4.71	$4.67	0.8%
Potatoes	$5.15	$4.93	4.3%
Pizza	$10.66	$12.09	11.8%
Beer	$9.95	$10.41	4.4%

Health Care

Item	Osceola	National avg.	Difference
Optometrist	$77.39	$125.68	38.4%
Doctor	$124.94	$135.78	8.0%
Dentist	$91.51	$113.29	19.2%
Ibuprofen	$10.19	$10.65	4.4%
Lipitor	$518.09	$468.60	10.6%

Housing

Item	Osceola	National avg.	Difference
Home Price	$87,500.00	$184,700.00	52.6%
Avg. Mortgage Payment	$2,240.45	$2,346.69	4.5%
Apartment Rent	$663.00	$949.00	30.1%

Transportation

Item	Osceola	National avg.	Difference
Gasoline	$3.14	$3.46	9.3%
Tire Balancing	$55.67	$59.92	7.1%

Utilities

Item	Osceola	National avg.	Difference
All Electricity	$163.38	$193.99	15.8%
Phone	$192.72	$192.25	0.2%

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.
Bassett, AR	147	93	6.8%
Victoria, AR	12	92	8.0%
Luxora, AR	985	73	26.8%
Joiner, AR	564	75	25.3%
Dyess, AR	295	76	23.7%
Osceola, AR	6,786	81	18.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Hardeeville, SC	6,788	121	20.8%
Thurmont, MD	6,783	114	14.1%
Leitchfield, KY	6,789	88	12.2%
Fairwood, MD	6,780	166	65.8%
Pacific, MO	6,780	92	7.9%
Osceola, AR	6,786	81	18.5%