A+
10%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
29%
Housing NAT. AVG.
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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 Van Buren Arkansas National
Cost of living9086100
Goods & Services10298100
Groceries9295100
Health care10188100
Housing7165100
Transportation9690100
Utilities9492100

An Overview of Cost of Living in Van Buren, AR

Getting a feel for the cost of living in Van Buren is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Van Buren is 90, which is 10% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Is Van Buren Affordable?

Is Van Buren affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Van Buren, the median home price is 30.3% lower than the national average and monthly rent prices are 24.9% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Van Buren boasting a median household income of $48,546, 12.2% lower than the national average.

What Factors can Influence the Cost of Living in Van Buren?

Healthcare: Healthcare costs and insurance premiums can fluctuate greatly based on the city or state. Access to healthcare facilities, out-of-pocket expenses for doctor\’s visits, dentist costs, medication costs and specialized care costs can all impact the cost of living. In Van Buren, the healthcare costs are 1% higher than the national average.

Urbanization: Larger, urban areas boasting abundant amenities and robust employment prospects often exhibit a heightened cost of living, driven by the increased demand for services and residential relocation. Consequently, this leads to elevated home prices and higher rental rates. In contrast, sparsely populated rural locales or regions marked by diminished demand typically offer a more limited range of amenities and experience slower job market expansion. This translates into a more affordable cost of living.

Transportation: When public transportation options are limited or non-existent, residents frequently resort to vehicle ownership, which can significantly contribute to the overall cost of living. Monthly financial obligations encompass fuel, insurance, regular maintenance and potentially lease or financing expenses. In Van Buren, the transportation index is 4.4% lower than the national average.

Where is the Data From?

The Van Buren cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Van Buren is 5% higher than the Arkansas average
  • The cost of living in Van Buren is 10% lower than the national average
  • Van Buren housing is 29% 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

Most Affordable Places to Live in and Around Van Buren

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Compare Van Buren, 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$65,735$5,478$1,534$1,972
      Renters$28,462$2,372$664$854
      A good indicator of the general affordability of housing in Van Buren, AR, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Van Buren, the median monthly income is $65,735 for those who own their own homes. Under the standard rule, that income level would allow for $1,534 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $28,462, per the median income in the area. That would allow for renters to spend up to $664 on monthly rental expenses.

      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 Van Buren National avg. Difference
      Haircut $21.65$24.2610.8%
      Beauty Salon $45.00$45.561.2%
      Toothpaste $3.68$3.700.5%
      Shampoo $1.08$1.2815.5%
      Movie $11.50$12.135.2%
      Bowling $14.71$18.0018.3%

      Groceries

      Item Van Buren National avg. Difference
      Ground Beef $5.81$5.840.4%
      Fried Chicken $1.39$1.5711.8%
      Milk $4.52$4.673.2%
      Potatoes $5.22$4.935.9%
      Pizza $10.10$12.0916.4%
      Beer $10.21$10.412.0%

      Health Care

      Item Van Buren National avg. Difference
      Optometrist $99.78$125.6820.6%
      Doctor $108.55$135.7820.1%
      Dentist $83.89$113.2926.0%
      Ibuprofen $10.16$10.654.6%
      Lipitor $454.89$468.602.9%

      Housing

      Item Van Buren National avg. Difference
      Home Price $128,700.00$184,700.0030.3%
      Avg. Mortgage Payment $1,863.97$2,346.6920.6%
      Apartment Rent $713.00$949.0024.9%

      Transportation

      Item Van Buren National avg. Difference
      Gasoline $3.01$3.4613.0%
      Tire Balancing $52.21$59.9212.9%

      Utilities

      Item Van Buren National avg. Difference
      All Electricity $150.82$193.9922.3%
      Phone $203.29$192.255.7%
      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.
      Moffett, OK917822.3%
      Long, OK3307822.3%
      Nicut, OK3127921.0%
      Short, OK1827921.0%
      Belfonte, OK4028119.5%
      Van Buren, AR23,6009010.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Oak Ridge, FL23,596955.5%
      Cudahy, CA23,60614241.9%
      Stoneham, MA23,62515857.8%
      Strathroy-Caradoc, ON23,574n/a 
      Venice, FL23,57211414.3%
      Van Buren, AR23,6009010.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.