Arizona vs Arkansas: Tax & Cost of Living Comparison
A comprehensive side-by-side comparison of taxes, cost of living, housing, income, and insurance costs between Arizona and Arkansas.
State 1
Arizona
AZ
State 2
Arkansas
AR
| Category | Arizona | Arkansas |
|---|---|---|
| Income Tax Rate | 2.50%Better | 4.40% |
| Property Tax Rate | 0.62% | 0.57%Better |
| Property Tax (on Median Home) | $2,449/yr | $1,026/yrBetter |
| Sales Tax Rate | 5.60%Better | 6.50% |
| Cost of Living Index | 103 | 89Better |
| Median Home Price | $395,000 | $180,000Better |
| Median Household Income | $68,000Better | $52,500 |
| Avg. Auto Insurance | $1,860/yr | $1,790/yrBetter |
| Avg. Home Insurance | $1,950/yrBetter | $2,200/yr |
Cost of Living Comparison
Index relative to national average (100)
Median Home Price
Arizona
$395,000
Property Tax: $2,449/yr
Arkansas
$180,000
Property Tax: $1,026/yr
Arizona homes are +119.4% more expensive than Arkansas homes.
Median Household Income
Arizona
$68,000
Arkansas
$52,500
Arizona households earn $15,500 more per year on average.
Insurance Costs
| Type | Arizona | Arkansas | Difference |
|---|---|---|---|
| Auto Insurance | $1,860/yr | $1,790/yr | $70/yr |
| Home Insurance | $1,950/yr | $2,200/yr | $250/yr |
| Total Insurance | $3,810/yr | $3,990/yr | $180/yr |
Overall Financial Comparison
Weighted score combining income tax, property tax, sales tax, cost of living, housing, insurance, and income. A lower score indicates better overall financial affordability.
Arizona
36.5
More Affordable
Arkansas
54.9
The Bottom Line
Arizona offers lower income tax, lower sales tax, higher median income compared to Arkansas. Meanwhile, Arkansas offers lower property tax, lower cost of living, more affordable housing. Overall, Arizona edges ahead in our weighted financial comparison.
Arizona Advantages
- +Lower income tax
- +Lower sales tax
- +Higher median income
Arkansas Advantages
- +Lower property tax
- +Lower cost of living
- +More affordable housing