Altus, AR is a small town with a population of less than 1,000 people. It is known for its tranquil atmosphere and affordable cost of living. The average 2 bedroom rent in Altus is $730 per month which is much lower than the national average of $1,430. Local companies include D&D Farms Produce, JV Construction LLC, and D&D Farms Bakery. There are also several stores that offer groceries at an index of 92 versus 100 in the US making it an economical place to live.
Altus has an unemployment rate of 4.3%. The US average is 6.0%.
Altus has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Altus
- The Sales Tax Rate for Altus is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Altus 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 Altus
- The average income of a Altus resident is $14,494 a year. The US average is $28,555 a year.
- The Median household income of a Altus resident is $27,875 a year. The US average is $69,021 a year.