Sparkman, Arkansas (71763) is located in Ouachita County and has a population of 844 people as of 2019. This small town offers its residents a laid-back lifestyle with easy access to metropolitan areas like Little Rock and Pine Bluff. The cost of living in Sparkman is surprisingly affordable, with 2 bedroom rent averaging at $650 compared to the US average of $1,430. Additionally, grocery prices are also much lower than other cities with an index of 91 versus 100 in the US. With a range of local businesses such as Walmart Supercenter for shopping and C & H BBQ for dining, Sparkman is an ideal place to settle down and raise a family.
Sparkman (zip 71763) has an unemployment rate of 4.3%. The US average is 6.0%.
Sparkman (zip 71763) 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 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Sparkman (zip 71763)
- The Sales Tax Rate for Sparkman (zip 71763) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Sparkman (zip 71763) 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 Sparkman (zip 71763)
- The average income of a Sparkman (zip 71763) resident is $17,712 a year. The US average is $28,555 a year.
- The Median household income of a Sparkman (zip 71763) resident is $57,679 a year. The US average is $69,021 a year.