Paragould, AR Metro Area is a great place to live and work. The cost of living in the area is relatively low compared to other places in the US. For example, rent for a two-bedroom is only $740 per month, compared to the national average of $1,430. Additionally, the grocery cost index also falls at 92 versus the 100 national average. As an added bonus, there are several local businesses in Paragould that residents can take advantage of. These businesses include Arkansas Best Federal Credit Union, Telco Systems Inc., and The Paragould Daily Press. With its affordable cost of living and local businesses available, Paragould is an ideal place to call home.
Paragould Metro Area has an unemployment rate of 4.2%. The US average is 6.0%.
Paragould Metro Area has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 24.8%, which is lower than the US average of 33.5%.
Tax Rates for Paragould Metro Area
- The Sales Tax Rate for Paragould Metro Area is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Paragould Metro Area 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 Paragould Metro Area
- The average income of a Paragould Metro Area resident is $24,806 a year. The US average is $37,638 a year.
- The Median household income of a Paragould Metro Area resident is $51,367 a year. The US average is $69,021 a year.