Cost of living in Bono, Arkansas

Cost of living
compared to USA

the lowest

Cost of living
compared to Arkansas

low

Median household
income

low

Is it expensive to live in Bono, Arkansas? When calculating the cost of living in Bono, Arkansas we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Bono, Arkansas is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Arkansas, while median household income in Bono is $45,211 which is low Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Arkansas.

Taxes in Bono, Arkansas

The sales tax rate in Bono, Arkansas is 8.5%. Last year, the average property taxes paid was 0.6% Bono, Arkansas.

Here is the table with the State Income Taxes in the state of Arkansas:

State Income Tax Brackets:

Income Brackets(single):	Income Brackets(Married):	Arkansas Income Tax Rate
$0 - $4,300	$0 - $4,300	2.0%
$4,300 - $8,500	$4,300 - $8,500	4.0%
>= $8,500	>= $8,500	4.9%

Housing costs in Bono, Arkansas

The average cost of
a single-family home
compated to USA

low

The average cost of
a single-family home
compated to Arkansas

high

In Bono, Arkansas, 56.0% of the population owns their homes, while approximately 44.0% rent. The average cost of a single-family home in Bono, Arkansas in 2023 is $190,074 which is lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Arkansas. The average one-bedroom apartment cost is approximately $750 per month.

Rental Size	Monthly Cost	Compared to Arkansas
1 Bedroom	$750	lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom	$910	moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom	$1,190	lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom	$1,520	highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest