Trumann, AR Cost Of Living
Cost Of Living In Trumann, AR Summary
Cost of living in Trumann 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 Trumann 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 Trumann is 80, with 100 being the average.
The cost of living index in Trumann is 0.8x lower than the national average.
Trumann ranks as the #13 cheapest in Arkansas out of 65.
Trumann ranks as the #211 cheapest out of 6,412 in the US.
The median home value in Trumann is $96,200.
The median income in Trumann is $37,711.
Table Of Contents
Trumann's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Trumann, AR?
According to the most recent data on the cost of living, Trumann has an overall cost of living index of 80, which is 0.8x lower than the national index of 100.
Compared to Arkansas, Trumann has a cost of living index that's 0.9x lower than Arkansas's index of 90.
The standard of living in Trumann ranks as #13 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Trumann ranks as the #52 most expensive place in the Natural State.
For more reading on life in Trumann, check out:
- Living In Trumann
- Trumann Crime Report
- Search Homes For Sale In Trumann, AR
In Arkansas
In America
Trumann Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in Trumann. Here is how it fairs on each of the criteria:
The Services index in Trumann is 101.
The Groceries index in Trumann is 89.
The Health index in Trumann is 90.
The Housing index in Trumann is 47.
The Transportation index in Trumann is 89.
The Utilities index in Trumann is 86.
| Living Expense | Trumann | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 80 | 90 | 100 | |
| Services | 101 | 98 | 100 | |
| Groceries | 89 | 94 | 100 | |
| Health | 90 | 85 | 100 | |
| Housing | 47 | 76 | 100 | |
| Transportation | 89 | 90 | 100 | |
| Utilities | 86 | 95 | 100 | |
Trumann, 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 Trumann is $96,200.
The Median Rent in Trumann is $657.
The Median Income in Trumann is $37,711.
The Home Value To Income in Trumann is 2.6x.
The Rent To Monthly Income in Trumann is 0.21x.
| Statistic | Trumann | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $96,200 | $142,100 | $244,900 |
| Median Rent | $657 | $803 | $1,163 |
| Median Income | $37,711 | $52,123 | $69,021 |
| Home Value To Income | 2.6x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Trumann, AR Costs By Category
Detailed Trumann Services Costs Vs. Arkansas
Detailed Trumann Groceries Costs Vs. Arkansas
Detailed Trumann Health Costs Vs. Arkansas
Detailed Trumann Transportation Costs Vs. Arkansas
Detailed Trumann Utilities Costs Vs. Arkansas
Trumann SnackAbility
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Cost Of Living In Cities Around Trumann
The cost of living varies in the cities and towns around Trumann. Here's a quick look at the cost of living in the most populous nearby places:
Jonesboro, AR has a cost of living index of 87, 1.1x Trumann.
Bartlett, TN has a cost of living index of 93, 1.2x Trumann.
Paragould, AR has a cost of living index of 86, 1.1x Trumann.
| City | Population | Cost Of Living | Vs. Trumann |
|---|---|---|---|
| Jonesboro, AR | 77,520 | 87 | 1.1x |
| Bartlett, TN | 57,639 | 93 | 1.2x |
| Paragould, AR | 29,327 | 86 | 1.1x |
| Marion, AR | 13,624 | 85 | 1.1x |
| Blytheville, AR | 13,559 | 82 | 1.0x |
| Millington, TN | 10,583 | 83 | 1.0x |
| Atoka, TN | 9,863 | 95 | 1.2x |
| Wynne, AR | 8,352 | 81 | 1.0x |
| Pocahontas, AR | 7,269 | 81 | 1.0x |
| Munford, TN | 6,269 | 87 | 1.1x |
