Cost of Living in Goodwin, AR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
57.2
100 = national avg
-42.8 vs national average
Living Wage (1 Adult)
$25,146
per year
Living Wage (Family of 4)
$59,436
per year
Cost Index by Category
Housing49.3
Utilities84.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$703
per month
2 Bedroom
$923
per month
The overall cost of living index in Goodwin is 57.2, which is 42.8% below the national average. Housing costs are below the national average at an index of 49.3. A single adult needs to earn approximately $25,146 per year to cover basic expenses.