Marion, AR Cost Of Living
Cost Of Living In Marion, AR Summary
Cost of living in Marion research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Marion is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Arkansas, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Marion is 85, with 100 being the average.
The cost of living index in Marion is 0.8x lower than the national average.
Marion ranks as the #39 cheapest in Arkansas out of 65.
Marion ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Marion is $169,300.
The median income in Marion is $80,170.
Table Of Contents
Marion's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Marion, AR?
According to the most recent data on the cost of living, Marion has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Arkansas, Marion has a cost of living index that's 0.9x lower than Arkansas's index of 90.
The standard of living in Marion ranks as #39 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Marion ranks as the #26 most expensive place in the Natural State.
For more reading on life in Marion, check out:
- Living In Marion
- Marion Crime Report
- Search Homes For Sale In Marion, AR
In Arkansas
In America
Marion Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Marion. Here is how it fairs on each of the criteria:
The Services index in Marion is 92.
The Groceries index in Marion is 90.
The Health index in Marion is 83.
The Housing index in Marion is 78.
The Transportation index in Marion is 88.
The Utilities index in Marion is 90.
| Living Expense | Marion | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 85 | 90 | 100 | |
| Services | 92 | 98 | 100 | |
| Groceries | 90 | 94 | 100 | |
| Health | 83 | 85 | 100 | |
| Housing | 78 | 76 | 100 | |
| Transportation | 88 | 90 | 100 | |
| Utilities | 90 | 95 | 100 | |
Marion, AR Housing Cost Breakdown
Housing swings affordability the most between places in Arkansas, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Marion is $169,300.
The Median Rent in Marion is $917.
The Median Income in Marion is $80,170.
The Home Value To Income in Marion is 2.1x.
The Rent To Monthly Income in Marion is 0.14x.
| Statistic | Marion | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $169,300 | $142,100 | $244,900 |
| Median Rent | $917 | $803 | $1,163 |
| Median Income | $80,170 | $52,123 | $69,021 |
| Home Value To Income | 2.1x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Marion, AR Costs By Category
Detailed Marion Services Costs Vs. Arkansas
Detailed Marion Groceries Costs Vs. Arkansas
Detailed Marion Health Costs Vs. Arkansas
Detailed Marion Transportation Costs Vs. Arkansas
Detailed Marion Utilities Costs Vs. Arkansas
Marion SnackAbility
/10
Cost Of Living In Cities Around Marion
The cost of living varies in the cities and towns around Marion. Here's a quick look at the cost of living in the most populous nearby places:
Memphis, TN has a cost of living index of 79, 0.9x Marion.
Bartlett, TN has a cost of living index of 93, 1.1x Marion.
Southaven, MS has a cost of living index of 88, 1.0x Marion.
| City | Population | Cost Of Living | Vs. Marion |
|---|---|---|---|
| Memphis, TN | 634,139 | 79 | 0.9x |
| Bartlett, TN | 57,639 | 93 | 1.1x |
| Southaven, MS | 54,141 | 88 | 1.0x |
| Collierville, TN | 50,669 | 107 | 1.3x |
| Germantown, TN | 40,955 | 108 | 1.3x |
| Olive Branch, MS | 39,136 | 94 | 1.1x |
| Horn Lake, MS | 26,623 | 83 | 1.0x |
| West Memphis, AR | 24,666 | 80 | 0.9x |
| Arlington, TN | 14,158 | 103 | 1.2x |
| Atoka, TN | 9,863 | 95 | 1.1x |
