Cost of Living in Okolona, AR
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
73.8
100 = national avg
-26.2 vs national average
Living Wage (1 Adult)
$32,466
per year
Living Wage (Family of 4)
$76,739
per year
Cost Index by Category
Housing39.1
Food95.9
Transportation91.7
Healthcare96.7
Utilities85.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$731
per month
2 Bedroom
$880
per month
The overall cost of living index in Okolona is 73.8, which is 26.2% below the national average. Housing costs are below the national average at an index of 39.1. A single adult needs to earn approximately $32,466 per year to cover basic expenses.