Morrilton, AR Cost Of Living
Cost Of Living In Morrilton, AR Summary
Cost of living in Morrilton 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 Morrilton 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 Morrilton is 78, with 100 being the average.
The cost of living index in Morrilton is 0.8x lower than the national average.
Morrilton ranks as the #6 cheapest in Arkansas out of 65.
Morrilton ranks as the #113 cheapest out of 6,412 in the US.
The median home value in Morrilton is $115,500.
The median income in Morrilton is $35,966.
Table Of Contents
Morrilton's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Morrilton, AR?
According to the most recent data on the cost of living, Morrilton has an overall cost of living index of 78, which is 0.8x lower than the national index of 100.
Compared to Arkansas, Morrilton has a cost of living index that's 0.9x lower than Arkansas's index of 90.
The standard of living in Morrilton ranks as #6 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Morrilton ranks as the #59 most expensive place in the Natural State.
For more reading on life in Morrilton, check out:
- Living In Morrilton
- Morrilton Crime Report
- Search Homes For Sale In Morrilton, AR
In Arkansas
In America
Morrilton Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Morrilton. Here is how it fairs on each of the criteria:
The Services index in Morrilton is 87.
The Groceries index in Morrilton is 86.
The Health index in Morrilton is 86.
The Housing index in Morrilton is 51.
The Transportation index in Morrilton is 92.
The Utilities index in Morrilton is 89.
| Living Expense | Morrilton | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 78 | 90 | 100 | |
| Services | 87 | 98 | 100 | |
| Groceries | 86 | 94 | 100 | |
| Health | 86 | 85 | 100 | |
| Housing | 51 | 76 | 100 | |
| Transportation | 92 | 90 | 100 | |
| Utilities | 89 | 95 | 100 | |
Morrilton, 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 Morrilton is $115,500.
The Median Rent in Morrilton is $629.
The Median Income in Morrilton is $35,966.
The Home Value To Income in Morrilton is 3.2x.
The Rent To Monthly Income in Morrilton is 0.21x.
| Statistic | Morrilton | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $115,500 | $142,100 | $244,900 |
| Median Rent | $629 | $803 | $1,163 |
| Median Income | $35,966 | $52,123 | $69,021 |
| Home Value To Income | 3.2x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Morrilton, AR Costs By Category
Detailed Morrilton Services Costs Vs. Arkansas
Detailed Morrilton Groceries Costs Vs. Arkansas
Detailed Morrilton Health Costs Vs. Arkansas
Detailed Morrilton Transportation Costs Vs. Arkansas
Detailed Morrilton Utilities Costs Vs. Arkansas
Morrilton SnackAbility
/10
Cost Of Living In Cities Around Morrilton
The cost of living varies in the cities and towns around Morrilton. 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, 1.2x Morrilton.
North Little Rock, AR has a cost of living index of 91, 1.2x Morrilton.
Conway, AR has a cost of living index of 87, 1.1x Morrilton.
| City | Population | Cost Of Living | Vs. Morrilton |
|---|---|---|---|
| Little Rock, AR | 201,893 | 96 | 1.2x |
| North Little Rock, AR | 64,444 | 91 | 1.2x |
| Conway, AR | 63,746 | 87 | 1.1x |
| Benton, AR | 34,746 | 93 | 1.2x |
| Sherwood, AR | 32,544 | 93 | 1.2x |
| Jacksonville, AR | 29,385 | 90 | 1.2x |
| Russellville, AR | 29,057 | 81 | 1.0x |
| Cabot, AR | 26,411 | 90 | 1.2x |
| Bryant, AR | 20,399 | 95 | 1.2x |
| Maumelle, AR | 19,070 | 102 | 1.3x |
