Booneville, AR is a small town with an estimated population of 3,580 people. The median rent for a 2 bedroom apartment in Booneville is much lower than the national average rent of $1,430, at only $820. This is partially due to the fact that many local businesses such as Walmart Supercenter and McDonald’s have set up shop in Booneville, making it easier for residents to find employment in their own town. Additionally, Booneville has a Grocery Cost Index of 93 compared to the US index of 100, meaning that groceries are 7% cheaper than they are on average nationwide.
Booneville has an unemployment rate of 4.9%. The US average is 6.0%.
Booneville has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Booneville
- The Sales Tax Rate for Booneville is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Booneville 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 Booneville
- The average income of a Booneville resident is $17,738 a year. The US average is $28,555 a year.
- The Median household income of a Booneville resident is $40,734 a year. The US average is $69,021 a year.