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.
An overview of the general cost of living index for Prairie Grove, AR is displayed above for your reference. Residents in Prairie Grove, AR enjoy a cost of living index of 88. This index is 5% higher than the Arkansas average, and 12% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Prairie Grove, AR, the average cost of goods and services is 7% higher than it is in Arkansas, and it is 2% lower than the national average.
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Did you know?
The cost of living in Prairie Grove is 5% higher than the Arkansas average.
The cost of living in Prairie Grove is 12% lower than the national average.
The cost of housing in Prairie Grove is 27% 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 Prairie Grove, 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
The salary calculator is used in order to provide a comparison of your current salary in Prairie Grove, AR to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Prairie Grove, AR, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Prairie Grove, AR salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.
Median Income & Debt-To-Income Ratio
Max Budget (28% DTI)
Max Budget (36% DTI)
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Prairie Grove, AR, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Prairie Grove, AR homeowners have a median income of $61,786. Using that number, you will come up with a maximum of $1,442 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $41,744, which means there is a maximum of $974 to be spent on the costs of renting a home or apartment.
Arkansas Sales Tax
General Sales Tax
With Max Surtax
Arkansas Income Tax
Income Tax (Low)
Income Tax (High)
For those who live in Prairie Grove, 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
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.