Foreman, AR is a small town in Arkansas with a population of around one thousand people. Located in Little River County, the town offers plenty of natural beauty with rolling hills and lush forests nearby. Foreman is home to several local businesses including Diane’s Grocery Store, Simmons Flooring, and Jones Oil Company. There are two schools in Foreman, an elementary school and a middle/high school.
Cost of living in Foreman is quite reasonable when compared to national averages. For example, rent for a two bedroom apartment is $700 per month versus the national average of $1,430. The Grocery Cost Index (GCI) in Foreman is 89 versus 100 nationwide. This means that food items are 11% cheaper than the US average. All-in-all, Foreman offers affordable housing options and everyday necessities for its residents at lower prices than many other locations across the United States!
Foreman has an unemployment rate of 5.3%. The US average is 6.0%.
Foreman has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Foreman
- The Sales Tax Rate for Foreman is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Foreman 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 Foreman
- The average income of a Foreman resident is $19,384 a year. The US average is $28,555 a year.
- The Median household income of a Foreman resident is $34,521 a year. The US average is $69,021 a year.