D-
9%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
36%
Housing NAT. AVG.
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Lake Hamilton Arkansas National
Cost of living10986100
Goods & Services10298100
Groceries9695100
Health care8988100
Housing13665100
Transportation8990100
Utilities9392100
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Cost Of Living Quick Facts

  • The cost of living in Lake Hamilton is 27% higher than the Arkansas average
  • The cost of living in Lake Hamilton is 9% higher than the national average
  • Lake Hamilton housing is 36% higher than the national average
  • Arkansas general sales tax is 27% higher than the national average
  • Arkansas state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Lake Hamilton

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Compare Lake Hamilton, AR Cost of Living

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      Salary Calculator

          This is how much you would need to earn in
          Price difference in compared to
          Cost of living index
          Goods & Services index
          Groceries index
          Health care index
          Housing index
          Transportation index
          Utilities index

          Median Income & Debt-To-Income Ratio

          Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
          Owners$76,271$6,356$1,780$2,288
          Renters$40,858$3,405$953$1,226

          Arkansas Sales Tax

          State General Sales Tax With Max Surtax
          Arkansas 6.5% 11.625%

          Arkansas Income Tax

          State Income Tax (Low) Income Tax (High)
          Arkansas 2% 4.9%

          Goods & Services

          Item Lake Hamilton National avg. Difference
          Haircut $26.67$24.269.9%
          Beauty Salon $54.14$45.5618.8%
          Toothpaste $3.75$3.701.3%
          Shampoo $1.07$1.2816.4%
          Movie $11.78$12.132.9%
          Bowling $17.78$18.001.2%

          Groceries

          Item Lake Hamilton National avg. Difference
          Ground Beef $5.15$5.8411.8%
          Fried Chicken $1.39$1.5711.4%
          Milk $4.52$4.673.2%
          Potatoes $5.23$4.936.0%
          Pizza $10.47$12.0913.3%
          Beer $9.83$10.415.6%

          Health Care

          Item Lake Hamilton National avg. Difference
          Optometrist $113.39$125.689.8%
          Doctor $185.50$135.7836.6%
          Dentist $94.42$113.2916.7%
          Ibuprofen $10.08$10.655.4%
          Lipitor $409.22$468.6012.7%

          Housing

          Item Lake Hamilton National avg. Difference
          Home Price $298,100.00$184,700.0061.4%
          Avg. Mortgage Payment $1,950.05$2,346.6916.9%
          Apartment Rent $733.00$949.0022.8%

          Transportation

          Item Lake Hamilton National avg. Difference
          Gasoline $3.10$3.4610.4%
          Tire Balancing $66.08$59.9210.3%

          Utilities

          Item Lake Hamilton National avg. Difference
          All Electricity $166.58$193.9914.1%
          Phone $205.55$192.256.9%
          Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

          Nearby cities with low cost of living

          City Population Cost of Living Index National Avg.
          Mountain Pine, AR5167623.5%
          Friendship, AR2308218.3%
          Magnet Cove, AR9648218.1%
          Piney, AR4,5188613.7%
          Hot Springs, AR38,6978910.7%
          Lake Hamilton, AR2,1741098.6%

          Cities with similar population

          City Population Cost of Living Index National Avg.
          Ester, AK2,17413030.0%
          Earle, AR2,1747921.5%
          Port Sulphur, LA2,1748317.1%
          Horse Shoe, NC2,1741099.3%
          Commercial Point, OH2,1741000.5%
          Lake Hamilton, AR2,1741098.6%
          Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.