El Dorado, AR Cost Of Living
Cost Of Living In El Dorado, AR Summary
Cost of living in El Dorado 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 El Dorado 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 El Dorado is 79, with 100 being the average.
The cost of living index in El Dorado is 0.8x lower than the national average.
El Dorado ranks as the #10 cheapest in Arkansas out of 65.
El Dorado ranks as the #155 cheapest out of 6,412 in the US.
The median home value in El Dorado is $93,500.
The median income in El Dorado is $41,831.
Table Of Contents
El Dorado's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in El Dorado, AR?
According to the most recent data on the cost of living, El Dorado has an overall cost of living index of 79, which is 0.8x lower than the national index of 100.
Compared to Arkansas, El Dorado has a cost of living index that's 0.9x lower than Arkansas's index of 90.
The standard of living in El Dorado ranks as #10 most affordable out of the 65 places we measured in Arkansas. By definition, that implies El Dorado ranks as the #55 most expensive place in the Natural State.
For more reading on life in El Dorado, check out:
- Living In El Dorado
- El Dorado Crime Report
- Search Homes For Sale In El Dorado, AR
In Arkansas
In America
El Dorado Cost Of Living Vs. Arkansas
Six factors go into calculating the cost of living index in El Dorado. Here is how it fairs on each of the criteria:
The Services index in El Dorado is 95.
The Groceries index in El Dorado is 95.
The Health index in El Dorado is 95.
The Housing index in El Dorado is 48.
The Transportation index in El Dorado is 87.
The Utilities index in El Dorado is 82.
| Living Expense | El Dorado | Arkansas | National Average | |
|---|---|---|---|---|
| Overall | 79 | 90 | 100 | |
| Services | 95 | 98 | 100 | |
| Groceries | 95 | 94 | 100 | |
| Health | 95 | 85 | 100 | |
| Housing | 48 | 76 | 100 | |
| Transportation | 87 | 90 | 100 | |
| Utilities | 82 | 95 | 100 | |
El Dorado, 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 El Dorado is $93,500.
The Median Rent in El Dorado is $725.
The Median Income in El Dorado is $41,831.
The Home Value To Income in El Dorado is 2.2x.
The Rent To Monthly Income in El Dorado is 0.21x.
| Statistic | El Dorado | Arkansas | United States |
|---|---|---|---|
| Median Home Value | $93,500 | $142,100 | $244,900 |
| Median Rent | $725 | $803 | $1,163 |
| Median Income | $41,831 | $52,123 | $69,021 |
| Home Value To Income | 2.2x | 2.7x | 3.5x |
| Rent To Monthly Income | 0.21x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
El Dorado, AR Costs By Category
Detailed El Dorado Services Costs Vs. Arkansas
Detailed El Dorado Groceries Costs Vs. Arkansas
Detailed El Dorado Health Costs Vs. Arkansas
Detailed El Dorado Transportation Costs Vs. Arkansas
Detailed El Dorado Utilities Costs Vs. Arkansas
El Dorado SnackAbility
/10
Cost Of Living In Cities Around El Dorado
The cost of living varies in the cities and towns around El Dorado. Here's a quick look at the cost of living in the most populous nearby places:
Ruston, LA has a cost of living index of 89, 1.1x El Dorado.
Magnolia, AR has a cost of living index of 83, 1.1x El Dorado.
Camden, AR has a cost of living index of 80, 1.0x El Dorado.
| City | Population | Cost Of Living | Vs. El Dorado |
|---|---|---|---|
| Ruston, LA | 22,286 | 89 | 1.1x |
| Magnolia, AR | 11,205 | 83 | 1.1x |
| Camden, AR | 10,644 | 80 | 1.0x |
| Warren, AR | 5,485 | 78 | 1.0x |
