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2024 BEA RPP All 4 categories Federal source

Fort Smith, AR-OK

Cost-of-living indicators for Fort Smith, AR-OK, compiled from Bureau of Economic Analysis Regional Price Parities (2024 data year). Categories include All Items, Goods, Services, and Rents.

CBSA: 22900 · Data year: 2024 · Rank: #370 of 387

Fort Smith, AR-OK has a cost of living index of 85.9, meaning it's 14.1% less expensive than the national average. Goods cost 6.4% less, services 26.2% less, and rents are 46.6% below average. A $100K national salary has the purchasing power of $116,431 here.

What the Numbers Mean for Fort Smith

Fort Smith ranks #370 of 387 U.S. metro areas measured by the Bureau of Economic Analysis, placing it in the bottom quartile for cost. With an overall Regional Price Parity of 85.9, Fort Smith, AR-OK is 14.1% less expensive than the national baseline of 100. The gap between Fort Smith's most and least expensive categories — the priciest line item versus rents at 53.4 — is what drives the household budget experience on the ground, not the single headline number.

Translated into dollars, a nationally-benchmarked $100,000 salary carries the purchasing power of $116,431 inside Fort Smith, while a household needs roughly $85,888 here to match a $100K lifestyle elsewhere. Rents carry the biggest swing in the BEA formula and are indexed at 53.4 — 46.6% below the national average — so anyone weighing a move or a remote-work arbitrage should treat the housing line as the single largest variable in the equation.

Looking at the 2008-2024 trajectory, Fort Smith's overall index has fallen by 4.8 points, improving relative affordability. For the 2024 data year, goods are indexed at 93.6 and services at 73.8, meaning everyday spending in Fort Smith is governed more by the services and rent mix than by retail goods prices. Readers comparing multiple destinations should always pair the RPP headline with local wage data and housing costs before drawing relocation conclusions.

Fort Smith Cost Index at a Glance

Fort Smith all-items cost index

Regional Price Parity vs national average (100)

50160Nat'l avg10085.9

Fort Smith category breakdown

BEA RPP composition by goods, services, rents, overall

Rents53.443Services73.797Goods93.606Overall85.888

Price Index Summary

Overall

85.9

-14.1 below avg

Goods

93.6

-6.4 below avg

Services

73.8

-26.2 below avg

Rents

53.4

-46.6 below avg

Price Index vs National Average (100)

Overall
National avg

Index 85.9 (-14.1 vs national avg)

Goods
National avg

Index 93.6 (-6.4 vs national avg)

Services
National avg

Index 73.8 (-26.2 vs national avg)

Rents
National avg

Index 53.4 (-46.6 vs national avg)

Vertical line on each bar = national average (100)

Cost Breakdown Analysis

Below National Average

Rents -46.6% (53.4)
Services -26.2% (73.8)
Overall -14.1% (85.9)
Goods -6.4% (93.6)

Income Adequacy in Fort Smith

Fort Smith income adequacy score

$75,000 median income vs RPP 85.9

0/100100/100100/100

Salary Equivalent

A $100,000 salary at the national average cost of living equals:

$85,888

in Fort Smith, AR-OK purchasing power

$50,000 nationally
$42,944
$75,000 nationally
$64,416
$125,000 nationally
$107,360
$150,000 nationally
$128,832
$200,000 nationally
$171,776

Use the salary calculator for custom amounts.

RPP History (2008-2024)

The cost of living has been trending downward, decreasing by 4.8 points over this period.

Year Overall
2008 90.7
2009 88.3
2010 90.1
2011 89.9
2012 89.8
2013 90.2
2014 91.3
2015 88.9
2016 89.3
2017 89.2
2018 86.1
2019 88.1
2020 87.1
2021 87.7
2022 85.8
2023 85.3
2024 85.9

Metros with Similar Cost of Living

These metros have an overall RPP closest to Fort Smith, AR-OK's index of 85.9.

Related Data for Fort Smith

Frequently Asked Questions

What is the cost of living in Fort Smith, AR-OK?
Fort Smith, AR-OK has a Regional Price Parity (RPP) index of 85.9, meaning it is 14.1% less expensive than the national average. Goods are indexed at 93.6, services at 73.8, and rents at 53.4. It ranks #370 out of 387 U.S. metro areas by overall cost.
What salary do I need in Fort Smith, AR-OK to match $100K nationally?
To maintain the same purchasing power as a $100,000 salary at the national average, you would need approximately $85,888 in Fort Smith, AR-OK. Conversely, $100K earned in Fort Smith, AR-OK has the purchasing power of $116,431 at the national average.
How expensive is rent in Fort Smith, AR-OK?
Rents in Fort Smith, AR-OK are indexed at 53.4, which is 46.6% below the national average. This makes the area relatively affordable for renters.
Is Fort Smith, AR-OK getting more expensive?
From 2008 to 2024, Fort Smith, AR-OK's overall cost index changed by -4.8 points (from 90.7 to 85.9). The cost of living has been declining.
What metros have a similar cost of living to Fort Smith, AR-OK?
Metros with the most similar overall cost index include McAllen-Edinburg-Mission, Jonesboro, Lake Charles. These areas have RPP values within a few points of Fort Smith, AR-OK's 85.9.

Source: Bureau of Economic Analysis, Regional Price Parities by Metropolitan Statistical Area (2024). Index where national average = 100.

Related

Data sourced from official U.S. government datasets. See our methodology for details. Retrieved and formatted by PlainCost Editorial

Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Bureau of Economic Analysis (BEA). Consult a qualified professional before making decisions based on this data.

All federal data sources used on this page