Prescott, AR Cost Of Living

Prescott 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.
Index	Prescott	Arkansas	National
Cost of living index	77	84	100
Index	Prescott	Arkansas	National
Goods & Services index	89	92	100
Groceries index	95	91	100
Health care index	96	88	100
Housing index	46	65	100
Transportation index	90	87	100
Utilities index	83	97	100

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The cost of living in Prescott is 8% lower than the Arkansas average.
The cost of living in Prescott is 23% lower than the national average.
The cost of housing in Prescott is 54% 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.

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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	$43,149	$3,596	$1,007	$1,295
Renters	$17,363	$1,447	$405	$521

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	0.9%	6.9%

Goods & Services

Item	Prescott	National avg.	Difference
Haircut	$11.97	$16.09	25.6%
Beauty Salon	$31.36	$37.33	16.0%
Toothpaste	$2.57	$2.45	5.1%
Shampoo	$0.84	$1.00	16.0%
Movie	$7.39	$10.28	28.1%
Bowling	$3.79	$4.93	23.2%

Groceries

Item	Prescott	National avg.	Difference
Ground Beef	$4.04	$3.80	6.2%
Fried Chicken	$1.08	$1.40	22.4%
Milk	$1.95	$2.01	2.9%
Potatoes	$3.29	$3.01	9.3%
Pizza	$10.19	$9.89	3.1%
Beer	$9.03	$8.90	1.5%

Health Care

Item	Prescott	National avg.	Difference
Optometrist	$66.78	$102.16	34.6%
Doctor	$100.11	$108.36	7.6%
Dentist	$93.71	$92.53	1.3%
Ibuprofen	$8.77	$9.28	5.5%
Lipitor	$420.00	$425.82	1.4%

Housing

Item	Prescott	National avg.	Difference
Home Price	$65,400.00	$184,700.00	64.6%
Avg. Mortgage Payment	$940.18	$1,202.44	21.8%
Apartment Rent	$678.00	$949.00	28.6%

Transportation

Item	Prescott	National avg.	Difference
Gasoline	$2.11	$2.24	6.1%
Tire Balancing	$37.95	$46.29	18.0%

Utilities

Item	Prescott	National avg.	Difference
All Electricity	$121.23	$165.96	27.0%
Phone	$27.34	$28.68	4.7%

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.
McCaskill, AR	69	90	-10%
Okolona, AR	122	72	-28%
Blevins, AR	306	71	-29%
Cale, AR	97	73	-27%
Rosston, AR	346	73	-27%
Prescott, AR	3,176	77	-23%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Barnegat, NJ	3,176	129	29%
Ridgemark, CA	3,175	156	56%
Salem Heights, OH	3,175	100	0%
Delmar, MD	3,175	99	-1%
Windermere, FL	3,175	143	43%
Prescott, AR	3,176	77	-23%

Source: The Prescott, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Prescott, AR Cost of Living