Alma, AR is a small town in Arkansas with an estimated population of around 5,500 people. The cost of renting a two-bedroom apartment in Alma is significantly lower than the US average, at $820 compared to $1,430. Additionally, grocery prices are also more affordable with a Grocery Cost Index of 96 versus 100 in the US. Some local companies in Alma include Walmart Supercenter, Dollar General, and Walgreens. There are also many other restaurants and stores in the area that provide goods and services to the community.
Alma has an unemployment rate of 4.3%. The US average is 6.0%.
Alma has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Alma
- The Sales Tax Rate for Alma is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Alma is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Alma
- The average income of a Alma resident is $17,327 a year. The US average is $28,555 a year.
- The Median household income of a Alma resident is $38,292 a year. The US average is $69,021 a year.