Cost of living in Cabot 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 Cabot 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 Cabot is 90, with 100 being the average.
The cost of living index in Cabot is 0.9x lower than the national average.
Cabot ranks as the #54 cheapest in Arkansas out of 65.
Cabot ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Cabot is $166,100.
The median income in Cabot is $62,654.
According to the most recent data on the cost of living, Cabot has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Arkansas, Cabot has a cost of living index that's 1.0x lower than Arkansas's index of 90.
The standard of living in Cabot ranks as #54 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Cabot ranks as the #11 most expensive place in the Natural State.
For more reading on life in Cabot, check out:
Six factors go into calculating the cost of living index in Cabot. Here is how it fairs on each of the criteria:
The Services index in Cabot is 106.
The Groceries index in Cabot is 94.
The Health index in Cabot is 92.
The Housing index in Cabot is 77.
The Transportation index in Cabot is 92.
The Utilities index in Cabot is 96.
|Living Expense||Cabot||Arkansas||National Average|
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 Cabot is $166,100.
The Median Rent in Cabot is $886.
The Median Income in Cabot is $62,654.
The Home Value To Income in Cabot is 2.7x.
The Rent To Monthly Income in Cabot is 0.17x.
|Median Home Value||$166,100||$142,100||$244,900|
|Home Value To Income||2.7x||2.7x||3.5x|
|Rent To Monthly Income||0.17x||0.18x||0.2x|
The cost of living varies in the cities and towns around Cabot. 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, 1.1x Cabot.
North Little Rock, AR has a cost of living index of 91, 1.0x Cabot.
Conway, AR has a cost of living index of 87, 1.0x Cabot.
|City||Population||Cost Of Living||Vs. Cabot|
|Little Rock, AR||201,893||96||1.1x|
|North Little Rock, AR||64,444||91||1.0x|