Branch, AR is an ideal place to live for those who are looking for a lower cost of living than the national average. The 2 bedroom rent in Branch is around $720 compared to the US average of $1,430, making it an affordable option for families. Additionally, the grocery cost index in Branch is 94 compared to 100 in the US, providing even more savings on everyday goods. There are many local companies located in Branch that can provide further economic opportunities such as BV Landscaping & Tree Service and Janssen's Repair & Refinishing. All in all, Branch is a great place to call home due to its low cost of living and top-notch local businesses.
Branch has an unemployment rate of 4.3%. The US average is 6.0%.
Branch 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 Branch
- The Sales Tax Rate for Branch is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Branch 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 Branch
- The average income of a Branch resident is $16,242 a year. The US average is $28,555 a year.
- The Median household income of a Branch resident is $30,000 a year. The US average is $69,021 a year.