Cherokee Village, AR Cost Of Living
Cost Of Living In Cherokee Village, AR Summary
Cost of living in Cherokee Village 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 Cherokee Village 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 Cherokee Village is 81, with 100 being the average.
The cost of living index in Cherokee Village is 0.8x lower than the national average.
Cherokee Village ranks as the #11 cheapest in Arkansas out of 69.
Cherokee Village ranks as the #158 cheapest out of 6,489 in the US.
The median home value in Cherokee Village is $144,995.
The median income in Cherokee Village is $35,244.
Table Of Contents
Cherokee Village's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Cherokee Village, AR?
According to the most recent data on the cost of living, Cherokee Village has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Arkansas, Cherokee Village has a cost of living index that's 1.0x lower than Arkansas's index of 85.
The standard of living in Cherokee Village ranks as #11 most affordable out of the 69 places we measured in Arkansas. By definition, that implies Cherokee Village ranks as the #58 most expensive place in the Natural State.
For more reading on life in Cherokee Village, check out:
In Arkansas
In America
Cherokee Village Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Cherokee Village. Here is how it fairs on each of the criteria:
The Services index in Cherokee Village is 96.
The Groceries index in Cherokee Village is 95.
The Health index in Cherokee Village is 78.
The Housing index in Cherokee Village is 50.
The Transportation index in Cherokee Village is 89.
The Utilities index in Cherokee Village is 90.
| Living Expense | Cherokee Village | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 81 | 85 | 100 | |
| Services | 96 | 99 | 100 | |
| Groceries | 95 | 95 | 100 | |
| Health | 78 | 89 | 100 | |
| Housing | 50 | 65 | 100 | |
| Transportation | 89 | 90 | 100 | |
| Utilities | 90 | 93 | 100 | |
Cherokee Village, 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 2019-2023. The key points are:
The Median Home Value in Cherokee Village is $144,995.
The Median Rent in Cherokee Village is $930.
The Median Income in Cherokee Village is $35,244.
The Home Value To Income in Cherokee Village is 4.1x.
The Rent To Monthly Income in Cherokee Village is 0.32x.
| Statistic | Cherokee Village | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $144,995 | $218,895 | $303,400 |
| Median Rent | $930 | $914 | $1,348 |
| Median Income | $35,244 | $58,773 | $78,538 |
| Home Value To Income | 4.1x | 3.7x | 3.9x |
| Rent To Monthly Income | 0.32x | 0.19x | 0.21x |
Median Home Value
Median Rent
Median Income
Cherokee Village, AR Costs By Category
Detailed Cherokee Village Services Costs Vs. Arkansas
| Item | Cherokee Village | Arkansas |
|---|---|---|
| Shampoo | $1.06 | $1.28 |
| Movie | $13.11 | $12.13 |
| Bowling | $14.38 | $18 |
| Haircut | $22.59 | $24.26 |
| Beauty Salon | $43.68 | $45.56 |
Detailed Cherokee Village Groceries Costs Vs. Arkansas
| Item | Cherokee Village | Arkansas |
|---|---|---|
| Ground Beef | $5.34 | $5.84 |
| Fried Chicken | $1.38 | $1.57 |
| Milk | $4.52 | $4.67 |
| Potatoes | $5.34 | $4.93 |
| Pizza | $11.64 | $12.09 |
| Beer | $10.04 | $10.41 |
| Toothpaste | $3.59 | $3.7 |
Detailed Cherokee Village Health Costs Vs. Arkansas
| Item | Cherokee Village | Arkansas |
|---|---|---|
| Optometrist | $113.05 | $125.68 |
| Doctor | $121.2 | $135.78 |
| Dentist | $93.91 | $113.29 |
Detailed Cherokee Village Transportation Costs Vs. Arkansas
| Item | Cherokee Village | Arkansas |
|---|---|---|
| Gasoline | $3.12 | $3.46 |
| Tire Balancing | $51.88 | $59.92 |
Detailed Cherokee Village Utilities Costs Vs. Arkansas
| Item | Cherokee Village | Arkansas |
|---|---|---|
| All Electricity | $163.75 | $193.99 |
| Phone | $204.07 | $192.25 |
Cherokee Village SnackAbility
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