Paragould, AR, offers a cost of living that is below the nationwide average. The overall cost of living index for Paragould stands at 87, which means it is 13% lower than the national average of 100. This comparison makes Paragould an attractive place for those looking to manage living expenses more effectively. Specifically, Paragould residents benefit from a housing index of 80, which is 20% less than the national standard. Additionally, miscellaneous costs are also 12% lower, with an index of 88. These lower costs, especially in housing and miscellaneous expenses, can significantly enhance the financial well-being of individuals and families in Paragould.
Paragould, Arkansas, offers a cost of living index that varies across different categories compared to the nationwide average of 100. Housing costs in Paragould stand at 80, which means residents spend 20% less than the national average. This reduced cost makes housing more affordable and can be a significant advantage for those looking to settle in Paragould.
The cost of groceries in Paragould is 92, which is 2% higher than the national average. However, this slight increase is less significant compared to the savings on housing. Other categories like utilities, transportation, healthcare, and miscellaneous expenses also show Paragould’s cost of living as being close to the national average. Utilities are at 95, indicating a 5% increase, while transportation costs are slightly lower at 85, showing a 15% reduction. Healthcare expenses are 90, which is a 10% increase, and miscellaneous costs are 88, showing an 12% reduction. Overall, Paragould provides a balanced cost of living with some areas being more affordable and others slightly higher.
