Fort Smith, AR is an affordable city to live in with a median rent for 2 bedrooms at $840 compared to the US median of $1,430. Grocery costs are also lower compared to the US average, with a cost index of 94 versus 100. The city has plenty to offer its residents from iconic landmarks like Fort Smith National Historic Site and Belle Grove Historic District to local businesses like Umarex USA, Inc. and OK Foods, Inc. There are many outdoor activities in the area such as fishing spots on the Arkansas River or mountain biking trails at Lake Fort Smith State Park. Tourists enjoy visiting the historic districts, trails and museums like Trolley Museum of Western Arkansas, as well as nearby attractions like Crystal Bridges Museum of American Art.
Fort Smith has an unemployment rate of 4.6%. The US average is 6.0%.
Fort Smith has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Fort Smith
- The Sales Tax Rate for Fort Smith is 9.6%. The US average is 7.3%.
- The Income Tax Rate for Fort Smith 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 Fort Smith
- The average income of a Fort Smith resident is $23,452 a year. The US average is $28,555 a year.
- The Median household income of a Fort Smith resident is $48,033 a year. The US average is $69,021 a year.