Smackover, Arkansas Cost Of Living

Buy Rent

A

Overall 23%

Goods & Services 6%

Housing 54%

Date & Last Updated: This data reflects 2020 and was released from C2ER in January, 2021; 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	Smackover	Arkansas	National
Cost of living	77	85	100
Goods & Services	94	96	100
Groceries	93	91	100
Health care	95	87	100
Housing	46	65	100
Transportation	86	89	100
Utilities	81	92	100

Key findings

The cost of living in Smackover is 9% lower than the Arkansas average
The cost of living in Smackover is 23% lower than the national average
Smackover housing is 54% 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	$41,161	$3,430	$960	$1,235
Renters	$22,000	$1,833	$513	$660

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	Smackover	National avg.	Difference
Haircut	$17.08	$18.62	8.3%
Beauty Salon	$38.13	$39.05	2.4%
Toothpaste	$2.09	$2.34	10.6%
Shampoo	$1.03	$1.06	2.8%
Movie	$8.17	$10.68	23.6%
Bowling	$13.08	$14.67	10.8%

Groceries

Item	Smackover	National avg.	Difference
Ground Beef	$4.48	$4.22	6.1%
Fried Chicken	$1.16	$1.39	16.3%
Milk	$1.97	$2.05	3.7%
Potatoes	$3.03	$3.29	7.9%
Pizza	$10.95	$10.62	3.1%
Beer	$8.62	$9.38	8.1%

Health Care

Item	Smackover	National avg.	Difference
Optometrist	$104.00	$108.57	4.2%
Doctor	$103.73	$116.17	10.7%
Dentist	$96.11	$99.13	3.0%
Ibuprofen	$9.57	$9.68	1.1%
Lipitor	$462.67	$466.92	0.9%

Housing

Item	Smackover	National avg.	Difference
Home Price	$67,200.00	$184,700.00	63.6%
Avg. Mortgage Payment	$1,048.70	$1,197.42	12.4%
Apartment Rent	$665.00	$949.00	29.9%

Transportation

Item	Smackover	National avg.	Difference
Gasoline	$1.87	$2.22	16.0%
Tire Balancing	$43.62	$50.07	12.9%

Utilities

Item	Smackover	National avg.	Difference
All Electricity	$111.98	$167.67	33.2%
Phone	$180.18	$175.64	2.6%

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.
Louann, AR	130	74	-26%
Calion, AR	369	74	-26%
Camden, AR	11,515	80	-20%
Norphlet, AR	702	78	-22%
El Dorado, AR	18,393	79	-21%
Smackover, AR	1,968	77	-23%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Questa, NM	1,968	81	-19%
Clyde, NY	1,969	87	-13%
Stephens City, VA	1,969	99	-1%
Dryden, NY	1,969	96	-4%
Lone Pine, CA	1,967	112	12%
Smackover, AR	1,968	77	-23%

Source: The Smackover, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2020.