Cost of Living in Osceola, AR

Population 6,807 · Arkansas · Data vintage 2023

47
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $40,783, median household incomes in Osceola land roughly 45% below the US median, a gap that tends to persist across local labor-market indicators. At 13.3%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Geographically, Osceola is about 40 miles north of Memphis, the nearest large metro. Median home values run roughly 31% lower than Memphis' $157,000.

Cost Overview

Housing 36
Rent 63

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Osceola

The median home value in Osceola is $108,700 — 64% below the national median of $305,000. Median rent runs $832/month, 37% lower than the national median of $1,314/month. The median household income of $40,783/year is 45% lower than the US median of $74,580. The local unemployment rate is 13.3%, above the national average of 4.8%. Arkansas's top state income tax rate is 4.4% and the combined sales tax is 9.5%. The climate averages highs of 71.0°F and lows of 51.2°F. Overall, Osceola has a cost of living index of 47 versus the US average of 100, meaning it is 53% less expensive.

🏠 Housing

Median Home Value
$108,700
64% below avg
Median Rent
$832/mo
37% below avg
Price-to-Rent Ratio
10.9x
Favors buying
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$638
1 BR
$684
2 BR
$848
3 BR
$1,151
4 BR
$1,256
Owner-occupied 40.5%
Renter-occupied 59.5%

💰 Estimated Monthly Budget

Rent median rent
$832
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,446/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
22.1 min
18% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.0%

Commute Mode

Drove alone
76.0%
Carpooled
19.2%
Work from home
3.0%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 4.4%
Total Sales Tax 9.5%
State rate 6.5%
Avg local rate 3.0%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$40,783
45% below avg
Per Capita Income
$25,260
Unemployment Rate
13.3%
178% above avg
Poverty Rate
27.0%
Labor Force Participation
60.1%

🎓 Education

Bachelor's degree+ 6.9%
Graduate degree 2.0%

👥 Demographics

Median Age 33.1
Male median age 31.3
Female median age 36.7

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
71.0°F
Avg Low
51.2°F
Annual Precip
43"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 485261728189919084746150
Low °F 313441516169726961504134
Precip" 3.223.264.394.884.853.253.042.702.403.043.834.17

Frequently Asked Questions

What is the cost of living in Osceola, AR?

Osceola has a cost index of 47 (100 = national average). It is 53% below the national average.

What is average rent in Osceola, AR?

The median gross rent in Osceola is $832 per month based on 2023 Census data.

What is the average home price in Osceola?

The median home value in Osceola is $108,700 according to 2023 Census ACS data.

What is the median income in Osceola?

The median household income in Osceola is $40,783 per year (2023 ACS 5-year estimates).

What is the sales tax in Osceola, AR?

The combined state and local sales tax rate in Osceola is 9.5%. The Arkansas state income tax top rate is 4.4%.

Is Osceola, AR affordable?

Yes, Osceola is generally considered affordable, with a cost of living index of 47 — about 53% below the US national average of 100.

What is the weather like in Osceola?

Osceola has average high temperatures of 71.0°F and average lows of 51.2°F. Annual precipitation is 43". Data from NOAA 1991–2020 Climate Normals.

Osceola at a Glance

Population
6,807
Median Income
$40,783
Home Value
$108,700
Median Rent
$832/mo
Unemployment
13.3%
Avg High Temp
71.0°F
Sales Tax
9.5%
View all cities in Arkansas →
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Explore county-level cost of living data

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