Financial Profile: Arkansas
Financial landscape, tax rates, cost of living, and median income scoring for Arkansas residents.
Arkansas at a Glance
Avg Salary
$48,000
Cost of Living
87
Top Tax Rate
4.4%
Adjusted Income
$55,172
Monthly Take-Home
$3,203
Max Rent (30%)
$1,200
Financial Genome at Median Income
Scores calculated for someone earning $48,000/yr in Arkansas with typical expenses.
PPI
40
C
FPI
25
F
LRS
56
C+
REW
30
D
Living in Arkansas: Financial Overview
Arkansas has graduated income tax rates ranging from 2% to 4.4%, with recent tax cuts planned.
- Very low cost of living
- Growing Northwest Arkansas region
- Tax rates decreasing
Major Cities
Little Rock, Fort Smith, Fayetteville, Springdale
With a cost of living index of 87 (below the national average of 100), your dollar goes further in Arkansas. A $60,000 salary here has the purchasing power equivalent of $68,965 in an average-cost area.
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