Arkansas State is a great place to call home. With an average 2 bedroom rent of $840, it is significantly lower than the national average of $1,430. The cost of living in Arkansas State is also much lower than the rest of the United States. This is due to low costs on groceries, with an index score of 93 compared to 100 in the US. Local companies are plentiful in Arkansas State and include big names like Walmart, Tyson Foods, and JB Hunt Transportation Services as well as many smaller businesses. Living in Arkansas State offers great savings while still providing access to all the necessary amenities for everyday life.
Arkansas has an unemployment rate of 4.8%. The US average is 6.0%.
Arkansas 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 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Arkansas
- The Sales Tax Rate for Arkansas is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Arkansas 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 Arkansas
- The average income of a Arkansas resident is $22,595 a year. The US average is $28,555 a year.
- The Median household income of a Arkansas resident is $52,123 a year. The US average is $69,021 a year.