Insights » Cost of Living in Arkansas: Cities where Household Expenses are Highest and Lowest in 2024

Cost of Living in Arkansas: Cities where Household Expenses are Highest and Lowest in 2024

Arkansas skyline

What is the cost of living in Arkansas? doxo breaks down key insights about Arkansas’ household expenses, with a close eye to how bills differ in towns and cities across the state. The average household in Arkansas, doxo’s data reveals, pays $1,762 in bills per month.

doxo’s data also has infographics for 57 cities and towns across Arkansas, breaking down localized bill pay data figures. The state-wide rankings for most and least expensive cities provide insight into cost of living in Arkansas and how it changes according to location.

The data sheds light on Arkansas’ cost of living through other metrics, too. For example, the “percent of household income” data point shows what percentage of household income local residents spend on bills. doxo’s data also indicates how much more or less expensive specific cities are than the national and state average.

Arkansas residents pay $1,762 in household bills a month

Arkansas residents, overall, have relatively low bills: the state ranks 48th out of 50 states in terms of average monthly spending. Kentucky ranks 47th, with annual monthly expenses of $1,783, and Mississippi ranks 49th, at $1,719.

Arkansas’ household expenses, on average, are 17.1% lower than the national average of $2,126.

Absolute dollar amounts don’t tell the full story, however. The “percentage of household income” metric provides a more proportional look at bill spending in a particular location. Arkansas households spend 37% of their income on household bills.

Annually, Arkansas residents pay $29 billion in household bills. See more data about bill pay in Arkansas by clicking on the infographic link below.

Data: doxoINSIGHTS’ bill pay infographic about Arkansas

  • Average Bill Cost per HH: $1,762 per month
  • State Bill Pay Market Size: $29 billion
  • doxoINSIGHTS State Rank: 48 out of 50
  • Percent of HHI Used for Bills: 37%
  • Difference from the National Average: 17.1% lower

Housing bill category drives Arkansas’ low monthly bill expenses

The average Arkansas household pays $1,762 in the 10 most common household bills per month. Rent and mortgage expenses drive the relatively low cost of living, with both being considerably lower than the national average. The average mortgage payment in Arkansas is $1,022, and average rent is $872, compared to the national average mortgage bill of $1,402 and rent bill of $1,300.

Other than housing-related expenses, auto loans are the most significant of the 10 most common bills for Arkansas residents. The average auto loan bill in Arkansas is $460 a month, which is less than the national average of $496.

Compared to the national average, utilities are also a lower expense for residents of Arkansas. The average household in the state pays $343 a month for utilities, compared to the national average of $362.

Health insurance, by contrast, is more expensive in Arkansas. While US residents on average spend $114 per month on car insurance, in Arkansas they spend $127.

Note: Health Insurance and Life Insurance expenses do not account for payments made by employers on behalf of employees. These just include out-of-pocket expenses. Also, the state and national bill totals take into account the percentage of households that pay a bill.

Average Arkansas Household Bill Spending

Bill CategoryAverage Arkansas Monthly BillNational Average Monthly BillArkansas Percent +/- National Average ($2,126)
Mortgage$1,022$1,40227% lower
Rent$872$1,30033% lower
Auto Loan$460$4967% lower
Utilities$343$3625% lower
Auto Insurance$182$20913% lower
Cable & Internet$111$1229% lower
Health Insurance$127$11411% higher
Mobile Phone$117$1213% lower
Alarm & Security$84$851% lower
Life Insurance$71$8718% lower
Total$1,762$2,12617.1% lower

Bentonville has the highest cost of living in Arkansas for household bills

Residents of Bentonville pay the highest household bills in the state of Arkansas, at an average of $2,329 per month. Bella Vista comes second in the rankings, with residents paying $2,274 on average per month.

In proportion to household income, the monthly bill basket makes up 28% of average household income in Bentonville and 33% in Bella Vista.

Access detailed infographics about each city or town by clicking on the hyperlinks in the “City” column in the tables below. You can also browse doxoINSIGHTS’ regional bill comparison database to see infographics about more than 4,200 cities and towns across all 50 states in the US.

10 Most Expensive Arkansas Cities for Household Bills

Rank
(1-10 out of 57)
CityMonthly Bill Expenses Per Household*Percent of Household Income Used for Bills
1Bentonville$2,32928%
2Bella Vista$2,27433%
3Centerton$2,17726%
4Cabot$2,07234%
5Little Rock$2,04838%
6Maumelle$2,03234%
7Wynne$2,02847%
8Forrest City$2,01660%
9North Little Rock$1,99949%
10Fayetteville$1,97739%
*Household Bill Pay Expense averages shown above reflect the ten most common bills paid, including housing (rent/mortgage).

*Household Bill Pay Expense averages shown above reflect the ten most common bills paid, including housing (rent/mortgage).

Morrilton has the lowest cost of living in Arkansas for household bills

Out of 57 cities and towns, Morrilton is the most affordable place in Arkansas, with residents paying $1,326 on average for household bills. Household bills account for 34% of local income in Morrilton.

Malvern comes in at the second most affordable town or city in Arkansas, with residents paying $1,383 per month on average.

Also on the list of 10 least expensive cities in Arkansas are Clarksville ($1,428 per month), El Dorado ($1,516 per month), and Hot Springs Village ($1,542 per month).

10 Most Affordable Arkansas Cities for Household Bills

Rank
(48-57 out of 57)
CityMonthly Bill Expenses Per HouseholdPercent of Household Income Used for Bills
48Magnolia$1,63043%
49Mena$1,60437%
50Mountain Home$1,60240%
51Crossett$1,57638%
52West Memphis$1,55445%
53Hot Springs Village$1,54228%
54El Dorado$1,51636%
55Clarksville$1,42843%
56Malvern$1,38333%
57Morrilton$1,32634%

Some individuals may be deciding whether to move from a more expensive city to a less expensive one, and doxoINSIGHTS can be a valuable resource for consumers seeking to make key decisions like this, allowing them to compare Arkansas’ household expenses against average bills in different cities and states across the country. They can also use doxoINSIGHTS’ regional bill comparison database to compare average costs for nearly 5,000 towns and cities across the country.