Arkansas Yearly Expenses by Quarter

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FAQ

Cost of Living in Little Rock, AR Little Rock, AR area prices were up 1.2% from a year ago. The largest increases were found in Transportation, Food, and Housing.

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Compared to the rest of the country, Arkansas has a much lower cost of living. A dollar in Arkansas supports more real spending than it does in more expensive states. C2ER's Cost of Living Index reported that Arkansas' cost of living is approximately 14% lower than the rest of the nation.

Since 1975, Social Security's general benefit increases have been based on increases in the cost of living, as measured by the Consumer Price Index. We call such increases Cost-Of-Living Adjustments, or COLAs. We determined a 5.9-percent COLA on October 13, 2021. We will announce the next COLA in October 2022.

It's clear that the cost of living in Arkansas is considerably lower than that of most of the United States. From housing to utilities, living comfortably isn't an unrealistic goal. The state also has enough local resources to be largely self-sufficient.

Cost of Living in Little Rock, AR Little Rock, AR area prices were up 1.2% from a year ago. The largest increases were found in Transportation, Food, and Housing.

Arkansas has an amazingly mild climate across all seasons. It is also one of the most affordable states in which to live. The economy is strong and diverse with numerous job opportunities. The schools are good and the state truly promotes the arts.

There's a reason Arkansas is known as The Natural State and why almost 100,000 more residents moved here according to the 2020 Census data. It's also very affordable.

Average Salary in Arkansas. 9% of jobs $43,621 is the 25th percentile. Salaries below this are outliers. 27% of jobs $65,211 is the 75th percentile.

LITTLE ROCK, Ark The average household income for Arkansans in 2019 was $47,600, according to the economist, Michael Pakko with UA Little Rock. He says the cost of living is about 12.5% below the national average. Pakko says Arkansas is a low-wage, low-salary state. It's the third cheapest place to live.

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Arkansas Yearly Expenses by Quarter