Cost Of Living In Little Rock
The cost of living in Little Rock is something we get asked about by out-of-town apartment hunters, often. Will they be spending more living in Little Rock than they do in the state that they are moving from? So we are here to break down the average cost of living in Little Rock.
Little Rock may be one of the more expensive cities to live in Arkansas, but compared to other parts of the country, it is significantly cheaper.
In fact, according to The Little Rock Chamber of Commerce, Little Rock ranks 180th out of 288 cities and has acost of living index of 59.65. A four-person family will spend on average $2570 and that is not including rent. They came up with this number using their cost of living estimator that you can find here. Single-person monthly costs without rent were averaged out to be $742.
Housing, Utilities, and Transportation
When compared to the national average for housing, Little Rock came in at 11% cheaper than other states. And when it came to utilities, we were 15% higher than the national average. Likely because it is hot and humid here in the summer and cold in the winter and Arkansans don’t mind paying extra for air conditioning and heat. Those heating and air bills average out to about $193.31 per month. As for transportation such as the price for a bus or an Uber, Little Rock comes in at 8% lower than the national average.
The cost to buy a home in Arkansas comes in with a median price of $307,095 while the median rent is $962.00 a month.
The cost of gas has gone up recently for Little Rock, however, it is still significantly cheaper than other parts of the country. We are currently paying an average of $2.40 / gallon of gas, while in California they are paying a dollar more per gallon. Compared to many states, we are either average or below average, as you can see here.
Another miscellaneous bill that Little Rock pays less on than other states is the phone bill. The price of a typical phone bill is $206/month but this can vary depending on the size of the phone plan, how many people are attached, etc.
Food and Groceries
Little Rock grocery prices have come in at 7% less than the national average with these numbers being what is typically paid for your grocery staples
- Loaf of bread – $3.08
- A gallon of milk – $1.79
- A carton of eggs – $1.67
- A bunch of bananas – $3.11
- A hamburger – $3.92
The Cost of Living in Little Rock, ArkansasHealthcare
Not only does Little Rock have incredible healthcare options, but it is also 10% less expensive than the national average as well.
The average price for a doctor’s visit is $99.86 and a dental visit is $85.79.
If you need to get your eyes looked at by an optometrist, you will likely pay an average of $93.57.
The average cost for prescription drugs is $397.78 per year. This varies depending on how many prescriptions you have and what your insurance is like as well.
The majority of Little Rock is pet owners so we feel it is necessary to point out that the average veterinary visit will cost $50.44
These cost analyses were studied by Little Rock Pay Scale
While we may be a little biased on how wonderful living in Little Rock is, the numbers don’t lie. It is significantly cheaper to live here than in other parts of the country!
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Frequently Asked Questions
What are local grocery prices like?
Grocery prices vary by location, but tend to be higher in urban areas and lower in rural areas. Produce and dairy costs often fluctuate with seasonal availability.
Can rent prices vary by district?
Yes, rent prices can vary significantly by district or neighborhood within a city due to factors like location, amenities, demand, and supply.
Are utility costs rising annually?
Yes, utility costs are generally rising annually due to factors such as inflation, increased demand, and infrastructure maintenance and upgrades.
Is public transit affordable locally?
Public transit affordability varies by location. Some areas offer subsidized fares or discounts, while costs can be prohibitive in others. Factors like income levels and available funding impact public transit affordability.
How do local salaries compare?
Local salaries vary depending on factors such as industry, experience, and cost of living. Averages may not reflect individual circumstances, and research is recommended to understand specific salary ranges in your area.
Are gym memberships reasonably priced?
In many cases, gym memberships are not reasonably priced, as the costs can be high and often include additional fees or charges that add up over time.
What's a typical restaurant meal's cost?
A typical restaurant meal in the United States can range from $10 to $30 per person, depending on factors such as location, cuisine, and the type of establishment.
How much are local taxes?
Local taxes vary widely depending on your location, property value, and other factors. The specific amount would need to be determined based on your individual circumstances.
Is homeownership accessible for newcomers?
Homeownership remains challenging for many newcomers due to factors like high housing costs, limited access to financing, and barriers to building credit history. Targeted policies and programs can help address these barriers and increase homeownership opportunities for newcomers.
What's the average car insurance rate?
The average car insurance rate in the United States is around $1,700 per year, but can vary significantly based on factors such as driver age, location, vehicle type, and driving record.
Are childcare services economically priced?
Childcare services can vary significantly in pricing, and what is considered "economically priced" depends on individual circumstances and location. Affordability is a common concern for many families seeking childcare options.
How much are local health premiums?
The cost of local health premiums can vary widely depending on factors such as the specific plan, coverage level, location, and individual circumstances. Without more details, it's difficult to provide an accurate estimate.
What's the average electricity bill like?
The average monthly electricity bill in the United States is around $115, varying based on factors like location, home size, and energy usage.
Can you find budget-friendly shopping?
Yes, there are many ways to find budget-friendly shopping options. Comparing prices, looking for sales and discounts, and shopping at thrift stores or online marketplaces can help you save money.
What are typical internet service rates?
Typical internet service rates vary widely based on location, speed, and provider. Residential broadband plans generally range from $30 to $100 per month, while business internet services can cost $50 to $500 per month.
How costly is local higher education?
Local higher education can vary greatly in cost, depending on factors such as the institution, program, residency status, and availability of financial aid. Tuition, fees, and living expenses can range from affordable to quite expensive.
Are there cost-effective local leisure options?
Yes, there are often local leisure options that can be cost-effective, such as community centers, parks, libraries, and free or low-cost events in the area.
Is there a variance in gas prices?
Yes, there is a variance in gas prices due to various factors such as supply and demand, location, taxes, and global market conditions.
How affordable is local dental care?
The cost of local dental care can vary widely depending on factors like your location, dental insurance coverage, and the specific services needed. Prices can range from affordable basic cleanings to more expensive procedures.
What's a basic fitness class's price?
The price of a basic fitness class typically ranges from $10 to $20 per session, depending on the location, instructor, and amenities provided.
Are home maintenance costs high locally?
Home maintenance costs can vary significantly depending on factors such as property size, age, and location. Without more specific information, it's difficult to provide a general assessment of local home maintenance costs.
How expensive is local elderly care?
The cost of local elderly care can vary widely depending on the services required, location, and type of facility. Prices typically range from a few hundred to a few thousand dollars per month.
What's the price for local gardening services?
The price for local gardening services typically ranges from $50 to $150 per hour, depending on the scope of work, the experience of the gardener, and the location.
Are pet services expensive locally?
Pet services in this area can be quite costly, with grooming, veterinary care, and boarding fees often adding up quickly. Owners should research local options to find the most affordable providers.
How much do local handymen charge?
Local handymen typically charge between $50 to $100 per hour for their services, with the average cost being around $75 per hour. The exact rate may vary depending on the complexity of the task and the location.
Can you affordably renovate locally?
Yes, with some planning and research, it is possible to affordably renovate locally. Identifying cost-effective materials, sourcing local contractors, and managing the project timeline can help keep renovation expenses within budget.
What's the cost of local preschools?
The cost of local preschools varies widely, ranging from subsidized community programs to private institutions charging tuition fees that can exceed $1,000 per month.
Are local farmers' markets budget-friendly?
Local farmers' markets can provide budget-friendly options, as produce is often sold directly from the farm, reducing costs. However, pricing can vary depending on the specific market and items purchased.
How costly is local pest control?
The cost of local pest control can vary widely depending on the size of the infested area, the type of pests, and the treatment method used. Prices typically range from $100 to $500 for a single visit.
Can you find affordable local storage?
Yes, there are affordable local storage options available. Many self-storage facilities offer a range of unit sizes at competitive rates to meet your storage needs.
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Cost of Living Overview
Little Rock may be one of the more expensive cities to live in Arkansas, but compared to other parts of the country, it is significantly cheaper. In fact, according to The Little Rock Chamber of Commerce, Little Rock ranks 180th out of 288 cities and has a cost of living index of 59.65.
While we may be a little biased on how wonderful living in Little Rock is, the numbers don't lie.
Housing, Utilities, and Transportation
When compared to the national average for housing, Little Rock came in at 11% cheaper than other states. The cost of gas has gone up recently for Little Rock, however, it is still significantly cheaper than other parts of the country.
The price of a typical phone bill is $206/month but this can vary depending on the size of the phone plan, how many people are attached, etc.
Food and Groceries
Little Rock grocery prices have come in at 7% less than the national average with these numbers being what is typically paid for your grocery staples: Loaf of bread – $3.08, A gallon of milk – $1.79, A carton of eggs – $1.67, A bunch of bananas – $3.11, A hamburger – $3.92.
The majority of Little Rock is pet owners so we feel it is necessary to point out that the average veterinary visit will cost $50.44.
