Black Oak, AR is a small city located in the state of Arkansas. With a population of just over 1,000 people, it is a quiet and peaceful place to live. Residents of Black Oak enjoy some great amenities as well including affordable rent prices - two bedroom apartments usually go for around $760. In comparison to the US average rent price for two bedrooms which is $1,430, the cost of living in Black Oak is considerably lower than most cities in the US. Additionally, grocery costs are also lower here with an index score of 92 compared to 100 in the US on average. The city also offers plenty of local businesses and companies such as Black Oak Grocery Store, M&M Furniture Store, and Jones Insurance Agency that help locals get what they need at good prices.
Black Oak has an unemployment rate of 3.9%. The US average is 6.0%.
Black Oak has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 40.9%, which is higher than the US average of 33.5%.
Tax Rates for Black Oak
- The Sales Tax Rate for Black Oak is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Black Oak 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 Black Oak
- The average income of a Black Oak resident is $17,526 a year. The US average is $28,555 a year.
- The Median household income of a Black Oak resident is $53,162 a year. The US average is $69,021 a year.