Cost of living in Walnut Ridge 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 Walnut Ridge 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 Walnut Ridge is 83, with 100 being the average.
The cost of living index in Walnut Ridge is 0.8x lower than the national average.
Walnut Ridge ranks as the #28 cheapest in Arkansas out of 65.
Walnut Ridge ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Walnut Ridge is $78,800.
The median income in Walnut Ridge is $39,784.
According to the most recent data on the cost of living, Walnut Ridge has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Arkansas, Walnut Ridge has a cost of living index that's 0.9x lower than Arkansas's index of 90.
The standard of living in Walnut Ridge ranks as #28 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Walnut Ridge ranks as the #37 most expensive place in the Natural State.
For more reading on life in Walnut Ridge, check out:
Six factors go into calculating the cost of living index in Walnut Ridge. Here is how it fairs on each of the criteria:
The Services index in Walnut Ridge is 100.
The Groceries index in Walnut Ridge is 93.
The Health index in Walnut Ridge is 90.
The Housing index in Walnut Ridge is 52.
The Transportation index in Walnut Ridge is 89.
The Utilities index in Walnut Ridge is 89.
|Living Expense||Walnut Ridge||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 Walnut Ridge is $78,800.
The Median Rent in Walnut Ridge is $609.
The Median Income in Walnut Ridge is $39,784.
The Home Value To Income in Walnut Ridge is 2.0x.
The Rent To Monthly Income in Walnut Ridge is 0.18x.
|Statistic||Walnut Ridge||Arkansas||United States|
|Median Home Value||$78,800||$142,100||$244,900|
|Home Value To Income||2.0x||2.7x||3.5x|
|Rent To Monthly Income||0.18x||0.18x||0.2x|
The cost of living varies in the cities and towns around Walnut Ridge. Here's a quick look at the cost of living in the most populous nearby places:
Jonesboro, AR has a cost of living index of 87, 1.0x Walnut Ridge.
Paragould, AR has a cost of living index of 86, 1.0x Walnut Ridge.
Batesville, AR has a cost of living index of 83, 1.0x Walnut Ridge.