Bonanza, Arkansas is a small town in the southern part of the state with a close-knit community. It offers quaint living with easy access to amenities and entertainment. Companies such as the Bonanza Cafe, Stuart's Grocery, and Dean's Auto Parts are popular establishments in the town that add to its charm. Rent in Bonanza is far more affordable than many other parts of the US; a two bedroom apartment can be rented for $930 compared to an average of $1430 across the US. Groceries also cost less with an index of 99 versus 100 nationally, making it cheaper for people to shop locally.
Bonanza has an unemployment rate of 4.5%. The US average is 6.0%.
Bonanza has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Bonanza
- The Sales Tax Rate for Bonanza is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Bonanza 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 Bonanza
- The average income of a Bonanza resident is $20,165 a year. The US average is $28,555 a year.
- The Median household income of a Bonanza resident is $46,071 a year. The US average is $69,021 a year.