Bauxite, AR is a small town located in the Central part of Arkansas. It is known for its rich history in bauxite ore mining, which gave it its unique name. In Bauxite, the cost of living is quite low compared to the rest of the US. The average rent for a 2 bedroom apartment is $940 while the US average for a 2 bedroom apartment is $1,430. The Grocery Cost Index in Bauxite is 96 versus 100 in the US. \nLocal companies that are based in Bauxite include Southern Bancorp Bank and Goodwill Industries of Arkansas Inc. Both offer great services to locals and support those looking to improve their financial situations or enter new careers. Overall, Bauxite has an affordable cost of living without sacrificing city services or amenities needed by locals.
Bauxite has an unemployment rate of 3.8%. The US average is 6.0%.
Bauxite has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Bauxite
- The Sales Tax Rate for Bauxite is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Bauxite 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 Bauxite
- The average income of a Bauxite resident is $15,603 a year. The US average is $28,555 a year.
- The Median household income of a Bauxite resident is $63,750 a year. The US average is $69,021 a year.