Cost of Living in Farmington, AR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
125.1
100 = national avg
+25.1 vs national average
Living Wage (1 Adult)
$55,063
per year
Living Wage (Family of 4)
$130,149
per year
Cost Index by Category
Housing125.4
Food117.7
Transportation135.3
Healthcare114.1
Utilities115.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,115
per month
2 Bedroom
$1,347
per month
The overall cost of living index in Farmington is 125.1, which is 25.1% above the national average. Housing costs are above the national average at an index of 125.4. A single adult needs to earn approximately $55,063 per year to cover basic expenses.