Overall 24%
Goods & Services 15%
Housing 47%
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.
IndexWest MemphisArkansasNational
Cost of living7684100
Goods & Services8695100
Health care7786100

Key findings

  • The cost of living in West Memphis is 9% lower than the Arkansas average
  • The cost of living in West Memphis is 24% lower than the national average
  • West Memphis housing is 47% 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

Most Affordable Places to Live in and Around West Memphis

See all the best places to live around West Memphis

Compare West Memphis, AR Cost of Living

      How would you rate the cost of living in West Memphis?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in West Memphis?
      Write a review to give others more information about this area.
      See all West Memphis poll results

      Salary Calculator

      This is how much you would need to earn in
      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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      A good indicator of the general affordability of housing in West Memphis, AR, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In West Memphis, the median monthly income is $46,967 for those who own their own homes. Under the standard rule, that income level would allow for $1,096 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $21,305, per the median income in the area. That would allow for renters to spend up to $497 on monthly rental expenses.

      Arkansas Sales Tax

      StateGeneral Sales TaxWith Max Surtax

      Arkansas Income Tax

      StateIncome Tax (Low)Income Tax (High)

      Goods & Services

      ItemWest MemphisNational avg.Difference
      Haircut $14.50$17.4917.1%
      Beauty Salon $33.00$38.1713.5%
      Toothpaste $1.76$2.3224.2%
      Shampoo $0.79$1.0121.9%
      Movie $12.17$10.7213.5%
      Bowling $17.50$13.8626.3%


      ItemWest MemphisNational avg.Difference
      Ground Beef $3.14$3.9019.5%
      Fried Chicken $0.83$1.4040.5%
      Milk $2.01$1.962.4%
      Potatoes $3.19$3.180.2%
      Pizza $8.25$10.3920.6%
      Beer $8.84$9.234.2%

      Health Care

      ItemWest MemphisNational avg.Difference
      Optometrist $61.66$106.3442.0%
      Doctor $74.63$115.2535.2%
      Dentist $75.17$98.3823.6%
      Ibuprofen $7.98$9.2613.8%
      Lipitor $466.06$466.470.1%


      ItemWest MemphisNational avg.Difference
      Home Price $82,000.00$184,700.0055.6%
      Avg. Mortgage Payment $921.18$1,273.3227.7%
      Apartment Rent $687.00$949.0027.6%


      ItemWest MemphisNational avg.Difference
      Gasoline $2.30$2.5911.4%
      Tire Balancing $42.16$48.9013.8%


      ItemWest MemphisNational avg.Difference
      All Electricity$131.84$167.6021.3%
      Phone $182.13$163.4211.5%
      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, StatePopulationCost of Living IndexNational Avg.
      Jericho, AR9686-14%
      Sunset, AR16869-31%
      Earle, AR1,98974-26%
      Jennette, AR9074-26%
      Edmondson, AR26674-26%
      West Memphis, AR25,41176-24%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Clinton, MS25,41192-8%
      Cabot, AR25,40792-8%
      Melrose Park, IL25,4221033%
      South Portland, ME25,39711414%
      Ridgewood, NJ25,43017878%
      West Memphis, AR25,41176-24%
      Source: The West Memphis, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.