The cost of living in Arkansas is over 13% cheaper than in the rest of the US. Its most notable affordable aspect is its housing cost, nearly 25% cheaper than the national average. Its median home cost is also over half of the US average. Some states have something more expensive than the average, such as utilities, but Arkansas is cheaper in every regard. For a retiree, this state is perfect if you want affordability. Like any state, however, some places are more affordable than others, so be sure to do your research and plan accordingly.
|COST OF LIVING||Arkansas||United States|
|Median Home Cost||$127,800||$291,700|