Arkansas Cost Of Living Statistics 2023
– Everything You Need to Know

Last Updated on by | Reviewed by Editorial Staff

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Arkansas Cost Of Living Statistics 2023: Facts about Cost Of Living in Arkansas reflect the current socio-economic condition of the state.

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LLCBuddy editorial team did hours of research, collected all important statistics on Arkansas Cost Of Living, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to start an Arkansas LLC business in 2023? Maybe for educational purposes, business research, or personal curiosity, whatever it is – it’s always a good idea to gather more information.

How much of an impact will Arkansas Cost Of Living Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

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Top Arkansas Cost Of Living Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 10 Arkansas Cost Of Living Statistics on this page 🙂

Arkansas Cost Of Living “Latest” Statistics

  • According to The Cost of Living Index published by the Council for Community and Economic Research, the housing utilities (buy and rent) in Arkansas are 21% lower compared to the national average.[1]
  • According to The Cost of Living Index published by the Council for Community and Economic Research, the utilities in Arkansas are 6% lower compared to the national average.[1]
  • According to The Cost of Living Index published by the Council for Community and Economic Research, food in Arkansas is 8% lower compared to the national average.[1]
  • According to The Cost of Living Index published by the Council for Community and Economic Research, healthcare in Arkansas is 21% lower compared to the national average.[1]
  • According to The Cost of Living Index published by the Council for Community and Economic Research, transportation in Arkansas is 21% lower compared to the national average.[1]
  • According to The Cost of Living Index published by the Council for Community and Economic Research, goods and services in Arkansas is 21% lower compared to the national average.[1]

Arkansas Cost Of Living “Living” Statistics

  • In the state of Arkansas, the cost of living is $1,732 which is 1.12 times less expensive than the average in the United States.[2]
  • The typical American family spends an additional 16% of its income or $9,826 on transportation each year.[3]
  • With an effective property tax rate of about 63%, Arkansas is among the 10 states with the lowest property taxes.[4]

Arkansas Cost Of Living “Other” Statistics

  • Thousands of individuals left Arkansas in search of jobs paying more, while 10% of Arkansans enlisted in the military.[5]

Also Read

Reference

  1. uark – https://catalog.uark.edu/graduatecatalog/feeandgeneralinformation/
  2. usatoday – https://www.usatoday.com/story/money/business/2014/09/07/wscs-10-least-expensive-states/15075077/
  3. worldpopulationreview – https://worldpopulationreview.com/state-rankings/cost-of-living-index-by-state
  4. arkansasedc – https://www.arkansasedc.com/why-arkansas/life-in-the-natural-state/detail/cost-of-living
  5. usnews – https://www.usnews.com/news/best-states/arkansas

About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

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