Caraway, AR is a small town located in the northeast corner of Arkansas with a population of 1,643. It is an inviting community with a friendly atmosphere and many local businesses. The rent for two bedroom apartments in Caraway is $770 per month which is much less than the US average of $1,430. Additionally, the Grocery Cost Index in Caraway is 90 versus 100 in the US; making it an affordable place to live overall. There are several stores located within the city including Dollar General and True Value Hardware Store. The area also has several restaurants such as Moe's Barbecue Shack and Greers Family Restaurant. There are plenty of activities to do here as well such as attending concerts at the Sonny Williams Center or visiting one of the several parks like Fred Wooten Park or Spring River Park & Zoo. Caraway offers something for everyone; making it an ideal place to live or visit.
Caraway has an unemployment rate of 3.9%. The US average is 6.0%.
Caraway 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 Caraway
- The Sales Tax Rate for Caraway is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Caraway 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 Caraway
- The average income of a Caraway resident is $16,993 a year. The US average is $28,555 a year.
- The Median household income of a Caraway resident is $45,909 a year. The US average is $69,021 a year.