Cost of Living in Paragould
Detailed cost of living data — sourced from authoritative datasets and normalized for direct comparison.
Cost of Living in Paragould, Arkansas
The cost of living in Paragould, Arkansas, is notably more affordable than the national average, with an index of 74, indicating it is 26% below the U.S. average. This affordability is a significant draw for individuals and families considering a move to the area. Housing costs, in particular, are considerably lower than national and regional averages, making homeownership more accessible.
While housing and overall expenses are generally lower, some categories like utilities may be slightly higher than the national average for renters. However, the overall economic landscape, including more affordable food and transportation costs, contributes to a manageable budget for residents. A single adult aiming for a comfortable lifestyle in Paragould should target an annual salary of approximately $66,000 before taxes.
Monthly Costs
Detailed Breakdown
About Paragould, Arkansas
Paragould, Arkansas, is a growing city located in Northeast Arkansas, known for its welcoming atmosphere and blend of historic charm with modern amenities. The city serves as a regional hub, offering residents a lower cost of living compared to national averages and access to quality education and healthcare. Its strategic location allows for relatively easy travel to larger metropolitan areas like Memphis, Tennessee, and Little Rock, Arkansas. Paragould attracts new residents with its strong community focus, abundant outdoor activities, and a commitment to economic development.
Established in the late 19th century with the convergence of two railroads, Paragould has maintained its historical character, particularly in its vibrant downtown district. The city's commitment to enhancing the quality of life for its residents is evident in its highly-rated school districts, modern community center, and ongoing development of recreational infrastructure like the 8 Mile Creek Trail project.
About Arkansas
Arkansas, known as "The Natural State," offers diverse geography from the Ozark and Ouachita Mountains to the Mississippi River Delta, fostering a relaxed, nature-oriented lifestyle. The economy, historically rooted in agriculture with rice and poultry as leading products, has diversified to include significant contributions from manufacturing (food products, chemicals, wood and paper products, aerospace parts) and a growing service sector, largely influenced by Walmart's presence. Living in Arkansas is generally affordable, with a cost of living consistently below the national average, particularly for housing. The state experiences a humid subtropical climate with mild winters and hot, humid summers, and while property taxes are low, sales taxes can be high.