Comments about the Cost of Living in Little Rock, AR
I love to be able to eat at restaurants and try different foods, if I include that along with groceries in my overall cost of living, how would I do in Little Rock, AR?
In Little Rock, Arkansas going out to eat at a restaurant and buying food is considered to be affordable. Make sure you take this into account as you plan your overall cost of living in Little Rock, AR. (2022-07-26salary.com)
Are there good recreational opportunities in or near Little Rock, AR?
Little Rock, Arkansas does not have a major sports team, but don’t worry, check out local colleges and high school sports schedules. These games usually have very cheap tickets and the spirit and enthusiasm of the crowd often makes up for the level of skill. (2022-07-26salary.com)
I am nervous about moving, what is the typical cost of moving to another city and what should I have to think about?
Even if you are moving within your current state, the cost of moving could be over $1,000 depending on the city, what you are moving, and how much professional help you hire. You can save some expense by packing boxes yourself, renting a U-Haul truck, and asking friends and family to help with the loading and unloading. You should call at least three moving companies for a moving estimate, the cost might be less than you think and you won’t have to worry about a friend hurting their back trying to move your heavy furniture. Another way to make your move easier – and save money – is by weeding out items you don’t need anymore. Why bother to move stuff that you do not even use! Have a yard sale or find a local charitable organization and donate items you no longer use. Make sure you include these moving costs into the overall cost of living for year one in Little Rock, AR. (2022-07-26salary.com)
Are there any tips that will help make the move to Little Rock, Arkansas easier for my child?
Make sure your child has a favorite toy, doll, game, clothing, blanket, snacks, etc. to take with them during the transition. Once you arrive, let your child help with arranging and decorating their new room. You may be tempted to unpack everything when you arrive, but make sure you take a break from unpacking to spend time playing and relaxing with your child. Plan on packing a special bag to take with you with those items that you will need first. Towels, soap, a few basic kitchen utensils and food items like crackers, tea, juice, will make your new location functional as soon as you arrive and fell more like home. A small new toy, book, or video that you give to your child when you arrive might help them to feel happy and relaxed in the new location. (2022-07-26salary.com)
Electricity bills are a big part of my current cost of living and can be really high, what is the cost of electricity in Little Rock, Arkansas?
The current electric rate cost in Little Rock,AR is 10.73¢ / kWh, which is the third lowest compared to the rest of the United States. Energy costs in Little Rock,AR are generally going down. The cost of electricity can have a bigger than average impact of your overall cost of living if you are required to pay heating or cooling costs or, if you use an electric stove, clothes dryer, or water heater. Newer appliances are typically more energy efficient so try to replace out dated appliances with more energy efficient models. Also keep in mind, that if electric utilities are included in your rent, most likely the pricing of electricity has been added to the rent amount. (2022-07-26salary.com)
My kids are important, how much of my cost of living should I estimate I will need to spend on child care in Little Rock, AR?
It is difficult to exactly predict the cost of child care in any city, which for parents, is a large part of the cost of living. There are different arrangements and lengths of time that are needed to care for a child, and costs may vary a lot depending on the services provided. Based on the state average, for Little Rock child care for a child up to 3 years could cost $5995 per year. Arkansas, is ranked NO. 45 in annual cost of child care in the U.S. (2022-07-26salary.com)
How do rental housing prices in Little Rock,Arkansas impact the overall cost of living?
In Little Rock,AR, my friend pays $867 for a large 2 bedroom apartment. Since he has 2 children, he needs to have a large apartment. (2022-07-26salary.com)
I need to keep my cost of living under control, is there a lot to do in Little Rock, Arkansas that is not very expensive?
Looks for areas of Little Rock, Arkansas where there is a large student population. In those areas you will be sure to find lots of free or cheap events to go to and plenty of cheap places to eat. Familiarize yourself with the places where students hang out, and take advantage of discounted or bargain prices, you are sure to be able to keep your cost of living reasonable. Look at the website for Little Rock, AR to find recommendations for activities that are available and unique to the area. (2022-07-26salary.com)
How does Little Rock, Arkansas compare to the rest of U.S. as far as all the taxes that will affect my cost of living?
Good question. Based on Individual income taxes (which you will pay on earnings), Sales taxes (pay for your purchases), property taxes (on your home or indirectly on your rent), unemployment insurance taxes (from your income), and general business taxes (impacting employers ability to offer jobs and good pay), in Little Rock, the overall tax climate compared to the rest of the country is the sixth highest. (2022-07-26salary.com)
Can you save money using public transport?
You could save up to $1,000 per year, depending on your location, by using public transport instead of driving. Not only will you reduce the stress of driving and finding a place to park once you reach your destination, your car and tires will last longer, and you will spend less on gas. A side benefit is that you may be able to relax, work, or read on the way to work, or get to know and chat with other commuters. Some employers offer employees reduced fee bus or transit passes, so check that out with your employer. (2022-07-26salary.com)
Cost of Living Frequently Asked Questions
What is a Cost of Living index and how is it used?
In the simplest terms, a Cost of Living index is the estimated amount that represents the cost of the basic necessities required for an individual to live. A cost of living or COL estimate may typically include estimates for housing, food, energy, medical care, transportation, taxes, and other necessities. A COL index may be used to measure what the cost difference would be for a person living in a certain location compared to another location. This cost of living comparison helps individuals make decisions about where they would like to live and what they can afford based on the costs in that location. A cost of living comparison can provide guidance about how an increase or decrease in these basic living expenses impacts necessary spending for an individual or a family.
What factors are included in estimating your cost of living?
The Salary.com cost of living calculator estimate is based on data related to five general categories: housing, food, healthcare, transportation, and energy. These are the universally recognized core components of any cost of living estimate and represent those expenses that apply to everyone. Obviously, there may be other factors that could contribute to your particular cost of living situation and not everyone has the same spending habits. For example, education and/or childcare costs might not apply to everyone, but for those who have those expenses, they could be significant and should be considered when you evaluate your cost of living comparison.
The Salary.com cost of living calculator is unique in that it also incorporates current salary data for thousands of jobs specific to a chosen home or work location to provide a more refined estimate of the cost of living variations. You can see how your job and your salary will be impacted by a change of location. If you live in one location but work in another, the cost of living calculator will make those adjustments to provide an accurate estimate of the change in COL. The Salary.com cost of living calculator helps you to make cost of living comparisons cost comparisons easily and quickly.