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Cost of Living in Bentonville, IN (47322)

Quick Financial Snapshot

Hourly Living Wage$15.82 / hrBased on 2,080 hrs/yr
Target 50/30/20 Salary$65,808 / yrTo live comfortably
Family of 4 Monthly Cost$5,999 / mo2.2x single adult baseline

Executive Financial Report: Bentonville (47322)

Evaluating relocation options in Fayette? The financial baseline for residing in Bentonville, IN (47322) indicates that a single adult needs roughly $2,742 monthly to cover basic survival expenses.

With typical rent and housing utilities averaging an affordable $522 per month—just 19% of baseline expenses—Bentonville offers exceptionally competitive shelter costs compared to wider metropolitan averages across Indiana.

To maintain sustainable financial health in Bentonville (47322) using the popular 50/30/20 budgeting framework, your essential living expenses ($2,742/month) should not exceed 50% of your net take-home pay. Consequently, an individual needs a target gross annual salary of approximately $65,808 to cover necessities while building savings. On an hourly basis, working a standard 2,080-hour work year requires a minimum hourly living wage of $15.82/hour just to meet basic survival costs.

For a family of four (2 adults and 2 children), basic monthly expenditures in Bentonville increase to $5,999 per month ($71,988/year)—approximately 2.2x higher than the single-adult baseline. Childcare premiums and multi-bedroom housing represent the largest contributors to this family budget increase. Compared against the area median family income of $55,706, local wages provide a 1.69x coverage ratio relative to single-adult baseline expenses.

Commuting and transit expenses average $878 monthly in 47322, coupled with $427 in healthcare baselines. Tax obligations consume $408 monthly. Local tax structures remain a steady consideration for financial planning. Use our interactive tools below to adjust these benchmarks for your specific situation.

Cost Comparison: Bentonville (47322) vs. Indiana Average

Direct monthly cost comparison for a single adult baseline against the statewide average across all IN counties.

Expense CategoryBentonville (47322)IN State AverageDifference
Housing & Rent$522/mo$559/mo-7%
Food & Groceries$233/mo$241/mo-3%
Transportation$878/mo$902/mo-3%
Healthcare$427/mo$410/mo+4%
Direct Taxes$408/mo$424/mo-4%
Total Monthly Baseline$2,742/mo$2,825/mo-3%

* Statewide benchmarks are calculated from weighted county-level cost of living data across Indiana.

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Total Monthly Cost$2,742Est. $32,904 / year
Housing / Rent$52219.0% of monthly budget
Food & Groceries$233Essential food benchmarks
Area Median Income$55,706Annual household average

Expense Distribution

Detailed Monthly Breakdown

Housing$522
Food$233
Transportation$878
Healthcare$427
Taxes$408
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Frequently Asked Questions

Living Cost FAQs for Bentonville (47322)

Q: What is the minimum hourly living wage required in Bentonville, IN (47322)?

To cover essential living costs without financial distress, a full-time worker (2,080 hours/year) in Bentonville (47322) requires a minimum hourly living wage of $15.82/hour.

Q: How much salary do I need to live comfortably in Bentonville (47322)?

Following the 50/30/20 budgeting rule (where necessities consume 50% of net income), a single adult needs a target gross annual salary of roughly $65,808 to live comfortably in Bentonville (47322).

Q: What is the monthly cost of living for a family of four in Bentonville (47322)?

Estimated baseline monthly living expenses for a family of four (2 adults, 2 children) in Bentonville (47322) are $5,999 per month ($71,988 per year).

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