A+
6%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
14%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; 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.
Index Springdale Arkansas National
Cost of living9486100
Goods & Services10298100
Groceries9295100
Health care10188100
Housing8665100
Transportation9690100
Utilities9492100

An Overview of Cost of Living in Springdale, AR

The cost of living in Springdale affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Springdale is 94, which is 6% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

The cost of living in Springdale aligns closely with the national average when compared to other cities across the nation. Everyday essentials such as groceries, goods and services, health care and utility bills are priced at a level consistent with the average in similar urban areas. Springdale residents can anticipate that their daily expenses won't be significantly higher than those in an average city, ensuring that the cost of living remains manageable.

What Do Locals Say About the Cost of Living in Springdale?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 9 locals to understand their opinions on the cost of living in Springdale. The results indicated that 11% found it reasonably priced with decreasing prices of goods and services, while 89% viewed it as quite expensive, with increasing prices.

Is Springdale Affordable?

Is Springdale an affordable place to live? That's a valid question to ask when you're thinking about moving to a new city. After all, how much it costs to live somewhere can be a huge factor in your decision. Affordability can be broken down into 3 common categories. The cost of living index (we talked about it earlier), housing expenses and income levels all play a big role in figuring out if a place is affordable. For instance, in Springdale, the median home price is 12.8% lower than what most folks pay across the country, and monthly rent prices are 17.6% lower than the usual rates. Income levels in Springdale come in at $51,868, which is 6.2% lower than the national average.

What Factors can Influence the Cost of Living in Springdale?

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Springdale, the groceries index is 8% lower than the national average.

Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Springdale, the housing index stands at 14.3% lower than the national average.

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Springdale, the healthcare costs are 1% higher than the national average.

Where is the Data From?

The Springdale cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Springdale is 10% higher than the Arkansas average
  • The cost of living in Springdale is 6% lower than the national average
  • Springdale housing is 14% lower than the national average
  • Arkansas general sales tax is 27% higher than the national average
  • Arkansas state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Springdale

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Compare Springdale, AR Cost of Living

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      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 Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$75,169$6,264$1,754$2,255
      Renters$39,870$3,323$930$1,196
      The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Springdale, AR, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Springdale, homeowners have a median income of $75,169. Using that number, a maximum of $1,754 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $39,870, which means there is a maximum of $930 to be spent on the costs of renting a home or apartment.

      Arkansas Sales Tax

      State General Sales Tax With Max Surtax
      Arkansas 6.5% 11.625%

      Arkansas Income Tax

      State Income Tax (Low) Income Tax (High)
      Arkansas 2% 4.9%

      Goods & Services

      Item Springdale National avg. Difference
      Haircut $21.65$24.2610.8%
      Beauty Salon $45.00$45.561.2%
      Toothpaste $3.68$3.700.5%
      Shampoo $1.08$1.2815.5%
      Movie $11.50$12.135.2%
      Bowling $14.71$18.0018.3%

      Groceries

      Item Springdale National avg. Difference
      Ground Beef $5.81$5.840.4%
      Fried Chicken $1.39$1.5711.8%
      Milk $4.52$4.673.2%
      Potatoes $5.22$4.935.9%
      Pizza $10.10$12.0916.4%
      Beer $10.21$10.412.0%

      Health Care

      Item Springdale National avg. Difference
      Optometrist $99.78$125.6820.6%
      Doctor $108.55$135.7820.1%
      Dentist $83.89$113.2926.0%
      Ibuprofen $10.16$10.654.6%
      Lipitor $454.89$468.602.9%

      Housing

      Item Springdale National avg. Difference
      Home Price $161,000.00$184,700.0012.8%
      Avg. Mortgage Payment $1,863.97$2,346.6920.6%
      Apartment Rent $782.00$949.0017.6%

      Transportation

      Item Springdale National avg. Difference
      Gasoline $3.01$3.4613.0%
      Tire Balancing $52.21$59.9212.9%

      Utilities

      Item Springdale National avg. Difference
      All Electricity $150.82$193.9922.3%
      Phone $203.29$192.255.7%
      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 Population Cost of Living Index National Avg.
      Springtown, AR136982.1%
      Elkins, AR3,283946.0%
      Bethel Heights, AR2,490955.2%
      Greenland, AR1,558955.2%
      Prairie Grove, AR6,236955.0%
      Springdale, AR80,433945.7%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Franklin, TN80,67513231.8%
      Brooklyn Park, MN80,1731054.8%
      Mountain View, CA80,104283182.8%
      Tustin, CA80,81517474.1%
      Deerfield Beach, FL80,8221066.1%
      Springdale, AR80,433945.7%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.