The average household income for Arkansans in 2019 was $47,600, while the cost of living is about 15% below the national average, according to the economist, Michael Pakko with UA Little Rock.
A list of 2020 consumption expenditures with Arkansans shows the state spends less than the national average.
Arkansas spends $21,160 on housing and utilities vs. $26,930 nationwide
Arkansas spends $5,746 on healthcare vs. $8,098 nationwide
Arkansas spends $6,194 on transportation services vs. $7,006 nationwide
Arkansas spends $1,923 on insurance vs. $2,433 nationwide
See the full article from thv11.com here.
