Benton, AR Cost Of Living
Cost Of Living In Benton, AR Summary
Cost of living in Benton research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Benton is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Arkansas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Benton is 93, with 100 being the average.
The cost of living index in Benton is 0.9x lower than the national average.
Benton ranks as the #60 cheapest in Arkansas out of 65.
Benton ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Benton is $156,700.
The median income in Benton is $60,813.
Table Of Contents
Benton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Benton, AR?
According to the most recent data on the cost of living, Benton has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to Arkansas, Benton has a cost of living index that's 1.0x higher than Arkansas's index of 90.
The standard of living in Benton ranks as #60 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Benton ranks as the #5 most expensive place in the Natural State.
For more reading on life in Benton, check out:
- Living In Benton
- Benton Crime Report
- Search Homes For Sale In Benton, AR
In Arkansas
In America
Benton Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Benton. Here is how it fairs on each of the criteria:
The Services index in Benton is 103.
The Groceries index in Benton is 91.
The Health index in Benton is 92.
The Housing index in Benton is 77.
The Transportation index in Benton is 93.
The Utilities index in Benton is 93.
| Living Expense | Benton | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 93 | 90 | 100 | |
| Services | 103 | 98 | 100 | |
| Groceries | 91 | 94 | 100 | |
| Health | 92 | 85 | 100 | |
| Housing | 77 | 76 | 100 | |
| Transportation | 93 | 90 | 100 | |
| Utilities | 93 | 95 | 100 | |
Benton, AR Housing Cost Breakdown
Housing swings affordability the most between places in Arkansas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Benton is $156,700.
The Median Rent in Benton is $901.
The Median Income in Benton is $60,813.
The Home Value To Income in Benton is 2.6x.
The Rent To Monthly Income in Benton is 0.18x.
| Statistic | Benton | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $156,700 | $142,100 | $244,900 |
| Median Rent | $901 | $803 | $1,163 |
| Median Income | $60,813 | $52,123 | $69,021 |
| Home Value To Income | 2.6x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.18x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Benton, AR Costs By Category
Detailed Benton Services Costs Vs. Arkansas
Detailed Benton Groceries Costs Vs. Arkansas
Detailed Benton Health Costs Vs. Arkansas
Detailed Benton Transportation Costs Vs. Arkansas
Detailed Benton Utilities Costs Vs. Arkansas
Benton SnackAbility
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Cost Of Living In Cities Around Benton
The cost of living varies in the cities and towns around Benton. Here's a quick look at the cost of living in the most populous nearby places:
Little Rock, AR has a cost of living index of 96, 1.0x Benton.
North Little Rock, AR has a cost of living index of 91, 1.0x Benton.
Conway, AR has a cost of living index of 87, 0.9x Benton.
| City | Population | Cost Of Living | Vs. Benton |
|---|---|---|---|
| Little Rock, AR | 201,893 | 96 | 1.0x |
| North Little Rock, AR | 64,444 | 91 | 1.0x |
| Conway, AR | 63,746 | 87 | 0.9x |
| Sherwood, AR | 32,544 | 93 | 1.0x |
| Jacksonville, AR | 29,385 | 90 | 1.0x |
| Cabot, AR | 26,411 | 90 | 1.0x |
| Bryant, AR | 20,399 | 95 | 1.0x |
| Maumelle, AR | 19,070 | 102 | 1.1x |
| Malvern, AR | 10,626 | 81 | 0.9x |
| East End, AR | 6,432 | 87 | 0.9x |
