Batesville, AR is a small city located in the northern part of Arkansas. It's a quiet town with a population of around 10,000 people. The cost of living in Batesville is lower than the rest of the US due to its small size. Some of the local companies that make up Batesville's economy include Economy Motors, First Community Bank, and Cargill Meat Solutions, Inc. The grocery cost index for Batesville is only 93 compared to 100 nationally. This makes it more affordable for residents to purchase their groceries. In terms of rent costs for two-bedroom apartments, Batesville is much more affordable than other parts of the country with an average rent price of $700 compared to a national average of $1,430.
Batesville has an unemployment rate of 4.5%. The US average is 6.0%.
Batesville has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Batesville
- The Sales Tax Rate for Batesville is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Batesville 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 Batesville
- The average income of a Batesville resident is $23,697 a year. The US average is $28,555 a year.
- The Median household income of a Batesville resident is $49,763 a year. The US average is $69,021 a year.