Cost Of Living in Ola, AR

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	Ola	Arkansas	National
Cost of living	79	86	100
Goods & Services	102	98	100
Groceries	96	95	100
Health care	89	88	100
Housing	38	65	100
Transportation	89	90	100
Utilities	93	92	100

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Cost Of Living Quick Facts

The cost of living in Ola is 8% lower than the Arkansas average
The cost of living in Ola is 21% lower than the national average
Ola housing is 62% lower 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	$37,813	$3,151	$882	$1,135
Renters	$18,523	$1,544	$432	$556

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	Ola	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	Ola	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	Ola	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	Ola	National avg.	Difference
Home Price	$61,900.00	$184,700.00	66.5%
Avg. Mortgage Payment	$1,950.05	$2,346.69	16.9%
Apartment Rent	$446.00	$949.00	53.0%

Transportation

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

Utilities

Item	Ola	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.
Casa, AR	107	87	13.4%
Plainview, AR	588	79	21.3%
Corinth, AR	42	80	19.6%
Belleville, AR	852	82	17.5%
Danville, AR	2,197	83	17.0%
Ola, AR	873	79	21.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Gadsden, AZ	873	90	10.2%
Light Oak, NC	873	79	21.3%
Santa Clara Pueblo, NM	873	105	5.1%
Round Hill Village, NV	873	163	62.9%
Breesport, NY	873	88	11.9%
Ola, AR	873	79	21.0%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Ola, AR