9.
The city with the lowest cost of living index for 2022 was St. Louis, with an index of 85.0. The city with the highest cost of living was Columbia, with an index of 95.2.
2022 First Quarter Cost of Living.
| Rank | 1 | 9 |
|---|---|---|
| State | Mississippi | Arkansas |
| Index | 83.1 | 89.9 |
| Grocery | 92.3 | 92.9 |
| Housing | 63.8 | 76.7 |
Is Arkansas an expensive state to live in?
Living in Arkansas is less expensive than it is on average across the U.S. as a whole. According to data from the Bureau of Economic Analysis, goods and services in the state cost 14.7% less than they do on average nationwide. Compared with all other states, Arkansas has the lowest overall cost of living.
Which state has lowest cost of living?
Mississippi
Mississippi. Mississippi has the lowest cost of living in the United States. With a cost of living index of 83.3, expenses are nearly 17% less than the national average. Mississippi’s housing costs are the lowest in the nation.
How much does it cost to live comfortably in Arkansas?
A cost of living index above 100 means Arkansas, Arkansas is more expensive.
Arkansas cost of living is 79.0.
| COST OF LIVING | Arkansas | United States |
|---|---|---|
| Grocery | 92.7 | 100 |
| Health | 86.5 | 100 |
| Housing | 55.7 | 100 |
| Median Home Cost | $145,300 | $291,700 |
Which are the 10 most expensive states to live in?
Here are the 10 states with the highest cost index:
- Hawaii (193.3)
- New York (148.2)
- California (142.2)
- Massachusetts (135)
- Oregon (130.1)
- Alaska (127.1)
- Maryland (124)
- Connecticut (121.6)
Why is property so cheap in Arkansas?
Low demand to live in Arkansas (for whatever the reason, low job growth, now a desirable place to live, etc) causes low movement of inventory, which would cause low pricing (in order to move inventory quicker.
Is it cheaper to live in Arkansas or Tennessee?
Although both states are affordable, Arkansas is cheaper to live in than Tennessee by 8.6%.
What is the best state to live in financially?
The five best states for your personal finances in 2022 are (No. 1 being best): Tennessee.
- New Jersey.
- Hawaii.
- Connecticut.
- Alaska.
- Illinois.
Which states give you the most house for your money?
Buying a home in these 7 states gives you the most bang for your…
- Indiana.
- Mississippi.
- Arkansas.
- Ohio.
- West Virginia.
- Alabama. Alabama’s median home price of $92 per square foot translates into a 3,256-square-foot home for $300,000.
- Oklahoma. In Oklahoma, $300,000 will buy you a 3,175-square foot home, on average.
What state is the most expensive to buy a house?
5 Most Expensive States to Buy a House
- Hawaii. Median Home Price: $615,300. Estimated Monthly Mortgage Payment: $2,923.36.
- 2. California. Median Home Price: $505,000. Estimated Monthly Mortgage Payment: $2,399.32.
- Oregon. Median Home Price: $312,200.
- Washington. Median Home Price: $339,000.
- Colorado. Median Home Price: $343,300.
What’s a good salary in Arkansas?
$21.65 is the 25th percentile. Wages below this are outliers. $43.74 is the 90th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Average Jobs in Arkansas.
| City | Fort Smith |
|---|---|
| Annual Salary | $55,715 |
| Monthly Pay | $4,643 |
| Weekly Pay | $1,071 |
| Hourly Wage | $26.79 |
What is minimum wage in AR?
$11.00 per hour
Arkansas minimum wage is $11.00 per hour as of January 1st, 2022, and applies to all employers with four or more employees.
What is a good hourly wage in Arkansas?
$12.90 is the 25th percentile. Wages below this are outliers. $22.31 is the 75th percentile. Wages above this are outliers.
What are Top 10 Highest Paying Cities for Hourly Rate Jobs in Arkansas.
| City | Bentonville |
|---|---|
| Annual Salary | $43,326 |
| Monthly Pay | $3,610 |
| Weekly Pay | $833 |
| Hourly Wage | $20.83 |
What is the top 20 most expensive states to live in?
The 20 Most Expensive States to Live In (2019)
- Hawaii – 118.4. With an overall price parity of 118.4, News Week ranks Hawaii as the most expensive city to live in the United States.
- New York – 115.6.
- 3. California – 114.4.
- New Jersey – 113.2.
- Maryland – 109.5.
- Connecticut – 108.7.
- Massachusetts – 107.8.
- New Hampshire – 105.9.
What is the cheapest state to live in 2021?
Mississippi
Even with inflation, your dollar will go further in Mississippi, America’s cheapest state for 2021.
Where is the most expensive place to live in the United States?
- New York City, New York. New York City leads the pack as the most expensive city in the United States.
- San Francisco, California.
- Honolulu, Hawaii.
- Boston, Massachusetts.
- Washington, D.C.
- Oakland, California.
- San Jose, California.
- San Diego, California.
Is moving to Arkansas a good idea?
Moving to Arkansas? Good move: The Natural State is one of the best places to relocate thanks to a low cost of living and a high quality of life that includes plenty of outdoor recreation, employment opportunities, a strong arts scene and more. The people who come here tend to love it and end up staying a long time.
Why is everyone moving from Arkansas?
Trends show that people have been fleeing the hectic pace of major U.S. cities in search of greater work-life balance, more flexibility and other opportunities—and the numbers have been skyrocketing during the coronavirus pandemic. Arkansas was recently ranked the sixth most popular state to move to right now.
What is life in Arkansas like?
The Small Town Charm Of Living In Arkansas
Enjoy walking down streets full of small businesses and bustling cafes. Plus, you can experience plenty of Southern-style hospitality. So, there is plenty of small-town charm in this state. To get out and enjoy.
Is it cheaper to live in Texas or Arkansas?
Arkansas is 2.6% cheaper than Texas.
Is it cheap to live in Arkansas?
Compared to the rest of the country, Arkansas has a much lower cost of living. Arkansas has the third-lowest cost of living among all U.S. states. A dollar in Arkansas supports more real spending than it does in more expensive states.