Conway, AR is a city located in Faulkner County with a population of approximately 70,000 people. It boasts excellent employment opportunities from local businesses such as Acxiom, Home Bancshares, Inc., Hewlett Packard Enterprise and many others. The cost of living is lower than the US average; the average rent for a two bedroom apartment is $920 while the US average sits at $1,430. Additionally, the grocery cost index in Conway is 97 compared to 100 in the US. Therefore Conway is an affordable place to call home and enjoy the benefits of its flourishing local job market.
Conway has an unemployment rate of 4.2%. The US average is 6.0%.
Conway has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 32.6%, which is lower than the US average of 33.5%.
Tax Rates for Conway
- The Sales Tax Rate for Conway is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Conway 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 Conway
- The average income of a Conway resident is $24,785 a year. The US average is $28,555 a year.
- The Median household income of a Conway resident is $48,104 a year. The US average is $69,021 a year.