Cost Of Living in Lake Hamilton, AR

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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 living	109	86	100
Goods & Services	102	98	100
Groceries	96	95	100
Health care	89	88	100
Housing	136	65	100
Transportation	89	90	100
Utilities	93	92	100

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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

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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	$24.26	9.9%
Beauty Salon	$54.14	$45.56	18.8%
Toothpaste	$3.75	$3.70	1.3%
Shampoo	$1.07	$1.28	16.4%
Movie	$11.78	$12.13	2.9%
Bowling	$17.78	$18.00	1.2%

Groceries

Item	Lake Hamilton	National avg.	Difference
Ground Beef	$5.15	$5.84	11.8%
Fried Chicken	$1.39	$1.57	11.4%
Milk	$4.52	$4.67	3.2%
Potatoes	$5.23	$4.93	6.0%
Pizza	$10.47	$12.09	13.3%
Beer	$9.83	$10.41	5.6%

Health Care

Item	Lake Hamilton	National avg.	Difference
Optometrist	$113.39	$125.68	9.8%
Doctor	$185.50	$135.78	36.6%
Dentist	$94.42	$113.29	16.7%
Ibuprofen	$10.08	$10.65	5.4%
Lipitor	$409.22	$468.60	12.7%

Housing

Item	Lake Hamilton	National avg.	Difference
Home Price	$298,100.00	$184,700.00	61.4%
Avg. Mortgage Payment	$1,950.05	$2,346.69	16.9%
Apartment Rent	$733.00	$949.00	22.8%

Transportation

Item	Lake Hamilton	National avg.	Difference
Gasoline	$3.10	$3.46	10.4%
Tire Balancing	$66.08	$59.92	10.3%

Utilities

Item	Lake Hamilton	National avg.	Difference
All Electricity	$166.58	$193.99	14.1%
Phone	$205.55	$192.25	6.9%

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, AR	516	76	23.5%
Friendship, AR	230	82	18.3%
Magnet Cove, AR	964	82	18.1%
Piney, AR	4,518	86	13.7%
Hot Springs, AR	38,697	89	10.7%
Lake Hamilton, AR	2,174	109	8.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Ester, AK	2,174	130	30.0%
Earle, AR	2,174	79	21.5%
Port Sulphur, LA	2,174	83	17.1%
Horse Shoe, NC	2,174	109	9.3%
Commercial Point, OH	2,174	100	0.5%
Lake Hamilton, AR	2,174	109	8.6%