Elm Springs, AR is a vibrant city with a lot to offer. It has an affordable living cost with two bedroom rents being $1,000 which is substantially lower than the US average of $1,430. The grocery cost index in Elm Springs is also cheaper than the US average at 98 versus 100 respectively. Not only do locals enjoy lower costs of living, but they also benefit from a variety of businesses and activities in the area. Popular local companies include Cooper & Sons Construction, Elm Springs State Bank, and S&J Imports & Exports. Residents can enjoy outdoor activities like golfing at Country Club of Arkansas or taking a hike at Devil's Den State Park. With its friendly people and low cost of living, Elm Springs truly is an ideal place to live and work.
Elm Springs has an unemployment rate of 3.5%. The US average is 6.0%.
Elm Springs has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Elm Springs
- The Sales Tax Rate for Elm Springs is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Elm Springs 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 Elm Springs
- The average income of a Elm Springs resident is $29,476 a year. The US average is $28,555 a year.
- The Median household income of a Elm Springs resident is $92,778 a year. The US average is $69,021 a year.