Siloam Springs, AR Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Siloam Springs, AR Summary

Cost of living in Siloam Springs 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 Siloam Springs 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 Siloam Springs is 84, with 100 being the average.

  • The cost of living index in Siloam Springs is 0.8x lower than the national average.

  • Siloam Springs ranks as the #34 cheapest in Arkansas out of 65.

  • Siloam Springs ranks as the #629 cheapest out of 6,412 in the US.

  • The median home value in Siloam Springs is $166,200.

  • The median income in Siloam Springs is $54,596.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
84
Siloam Springs's Overall Cost Of Living
0.8x
Lower Than The National Average

What is the cost of living in Siloam Springs, AR?

According to the most recent data on the cost of living, Siloam Springs has an overall cost of living index of 84, which is 0.8x lower than the national index of 100.

Compared to Arkansas, Siloam Springs has a cost of living index that's 0.9x lower than Arkansas's index of 90.

The standard of living in Siloam Springs ranks as #34 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Siloam Springs ranks as the #31 most expensive place in the Natural State.

For more reading on life in Siloam Springs, check out:

34 out of 65
In Arkansas
629 out of 6,412
In America

Siloam Springs Cost Of Living Vs. Arkansas

Six factors go into calculating the cost of living index in Siloam Springs. Here is how it fairs on each of the criteria:

  • The Services index in Siloam Springs is 84.

  • The Groceries index in Siloam Springs is 91.

  • The Health index in Siloam Springs is 79.

  • The Housing index in Siloam Springs is 67.

  • The Transportation index in Siloam Springs is 95.

  • The Utilities index in Siloam Springs is 98.

Living Expense Siloam Springs Arkansas National Average
Overall 84 90 100
Services 84 98 100
Groceries 91 94 100
Health 79 85 100
Housing 67 76 100
Transportation 95 90 100
Utilities 98 95 100
For more reading on cost of living around Arkansas, check out:
Siloam Springs Cost of Living Vs. AR

Siloam Springs, 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 Siloam Springs is $166,200.

  • The Median Rent in Siloam Springs is $796.

  • The Median Income in Siloam Springs is $54,596.

  • The Home Value To Income in Siloam Springs is 3.0x.

  • The Rent To Monthly Income in Siloam Springs is 0.17x.

Statistic Siloam Springs Arkansas United States
Median Home Value $166,200 $142,100 $244,900
Median Rent $796 $803 $1,163
Median Income $54,596 $52,123 $69,021
Home Value To Income 3.0x 2.7x 3.5x
Rent To Monthly Income 0.17x 0.18x 0.2x
Search Homes For Sale In Siloam Springs, AR
$166,200
Median Home Value
$796
Median Rent
$54,596
Median Income

Siloam Springs, AR Costs By Category

Detailed Siloam Springs Services Costs Vs. Arkansas

Item Siloam Springs 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 Siloam Springs Groceries Costs Vs. Arkansas

Item Siloam Springs 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 Siloam Springs Health Costs Vs. Arkansas

Item Siloam Springs Arkansas
Optometrist $67.5 $108.57
Doctor $80.0 $116.17
Dentist $72.5 $99.13

Detailed Siloam Springs Transportation Costs Vs. Arkansas

Item Siloam Springs Arkansas
Gasoline $2.08 $2.22
Tire Balancing $46.5 $50.07

Detailed Siloam Springs Utilities Costs Vs. Arkansas

Item Siloam Springs Arkansas
All Electricity $145.38 $167.67
Phone $198.43 $175.64

Siloam Springs SnackAbility

5
/10
Overall SnackAbility
Jobs
7/10
Housing
6
Affordability
8
Diversity
9
Safety
4
Amenities
8.5
Education
6
Commute
9

Cost Of Living In Cities Around Siloam Springs

The cost of living varies in the cities and towns around Siloam Springs. 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, 1.1x Siloam Springs.

  • Springdale, AR has a cost of living index of 85, 1.0x Siloam Springs.

  • Rogers, AR has a cost of living index of 87, 1.0x Siloam Springs.

City Population Cost Of Living Vs. Siloam Springs
Fayetteville, AR 92,070 93 1.1x
Springdale, AR 85,887 85 1.0x
Rogers, AR 68,340 87 1.0x
Bentonville, AR 52,565 89 1.1x
Centerton, AR 17,455 88 1.0x
Tahlequah, OK 16,213 81 1.0x
Neosho, MO 12,439 77 0.9x
Lowell, AR 9,630 86 1.0x
Pryor Creek, OK 9,439 83 1.0x

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