Farmington, AR Cost Of Living
Cost Of Living In Farmington, AR Summary
Cost of living in Farmington 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 Farmington 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 Farmington is 90, with 100 being the average.
The cost of living index in Farmington is 0.9x lower than the national average.
Farmington ranks as the #54 cheapest in Arkansas out of 65.
Farmington ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Farmington is $184,000.
The median income in Farmington is $77,443.
Table Of Contents
Farmington's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Farmington, AR?
According to the most recent data on the cost of living, Farmington has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to Arkansas, Farmington has a cost of living index that's 1.0x lower than Arkansas's index of 90.
The standard of living in Farmington ranks as #54 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Farmington ranks as the #11 most expensive place in the Natural State.
For more reading on life in Farmington, check out:
- Living In Farmington
- Farmington Crime Report
- Search Homes For Sale In Farmington, AR
In Arkansas
In America
Farmington Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Farmington. Here is how it fairs on each of the criteria:
The Services index in Farmington is 88.
The Groceries index in Farmington is 93.
The Health index in Farmington is 77.
The Housing index in Farmington is 88.
The Transportation index in Farmington is 95.
The Utilities index in Farmington is 97.
| Living Expense | Farmington | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 90 | 90 | 100 | |
| Services | 88 | 98 | 100 | |
| Groceries | 93 | 94 | 100 | |
| Health | 77 | 85 | 100 | |
| Housing | 88 | 76 | 100 | |
| Transportation | 95 | 90 | 100 | |
| Utilities | 97 | 95 | 100 | |
Farmington, 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 Farmington is $184,000.
The Median Rent in Farmington is $975.
The Median Income in Farmington is $77,443.
The Home Value To Income in Farmington is 2.4x.
The Rent To Monthly Income in Farmington is 0.15x.
| Statistic | Farmington | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $184,000 | $142,100 | $244,900 |
| Median Rent | $975 | $803 | $1,163 |
| Median Income | $77,443 | $52,123 | $69,021 |
| Home Value To Income | 2.4x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.15x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Farmington, AR Costs By Category
Detailed Farmington Services Costs Vs. Arkansas
| Item | Farmington | Arkansas |
|---|---|---|
| Shampoo | $0.88 | $1.06 |
| Movie | $10.0 | $10.68 |
| Bowling | $15.0 | $14.67 |
| Haircut | $17.88 | $18.62 |
| Beauty Salon | $35.0 | $39.05 |
Detailed Farmington Groceries Costs Vs. Arkansas
| Item | Farmington | Arkansas |
|---|---|---|
| Ground Beef | $4.6 | $4.22 |
| Fried Chicken | $1.01 | $1.39 |
| Milk | $1.64 | $2.05 |
| Potatoes | $3.56 | $3.29 |
| Pizza | $6.66 | $10.62 |
| Beer | $9.26 | $9.38 |
| Toothpaste | $1.67 | $2.34 |
Detailed Farmington Health Costs Vs. Arkansas
| Item | Farmington | Arkansas |
|---|---|---|
| Optometrist | $67.5 | $108.57 |
| Doctor | $80.0 | $116.17 |
| Dentist | $72.5 | $99.13 |
Detailed Farmington Transportation Costs Vs. Arkansas
| Item | Farmington | Arkansas |
|---|---|---|
| Gasoline | $2.08 | $2.22 |
| Tire Balancing | $46.5 | $50.07 |
Detailed Farmington Utilities Costs Vs. Arkansas
| Item | Farmington | Arkansas |
|---|---|---|
| All Electricity | $145.38 | $167.67 |
| Phone | $198.43 | $175.64 |
Farmington SnackAbility
/10
Cost Of Living In Cities Around Farmington
The cost of living varies in the cities and towns around Farmington. Here's a quick look at the cost of living in the most populous nearby places:
Fayetteville, AR has a cost of living index of 93, 1.0x Farmington.
Fort Smith, AR has a cost of living index of 83, 0.9x Farmington.
Springdale, AR has a cost of living index of 85, 0.9x Farmington.
| City | Population | Cost Of Living | Vs. Farmington |
|---|---|---|---|
| Fayetteville, AR | 92,070 | 93 | 1.0x |
| Fort Smith, AR | 89,116 | 83 | 0.9x |
| Springdale, AR | 85,887 | 85 | 0.9x |
| Rogers, AR | 68,340 | 87 | 1.0x |
| Bentonville, AR | 52,565 | 89 | 1.0x |
| Van Buren, AR | 23,213 | 83 | 0.9x |
| Centerton, AR | 17,455 | 88 | 1.0x |
| Siloam Springs, AR | 16,944 | 84 | 0.9x |
| Lowell, AR | 9,630 | 86 | 1.0x |
| Prairie Grove, AR | 6,908 | 85 | 0.9x |
