Cave City, AR is a small city located in Sharp County with a population of 1,400. It's a great place to live as the cost of living is well below the US average. Rent for a 2 bedroom apartment averages $720 per month, while the national average rent for a 2 bedroom unit is $1,430. Groceries are also more affordable here as the Grocery Cost Index in Cave City, AR is 92 versus 100 in the US.
The city offers several local shops and amenities such as The Cave City Water Park, Old Town Coffee Company, My Sister's Cafe, Windmill Winery & Distillery and many more. There are also plenty of recreational activities available for residents to enjoy such as fishing, hunting, camping and golfing at Turpentine Creek Wildlife Refuge or Mystic Caverns & Crystal Dome Caves.
Cave City has an unemployment rate of 5.9%. The US average is 6.0%.
Cave City has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Cave City
- The Sales Tax Rate for Cave City is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Cave City 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 Cave City
- The average income of a Cave City resident is $12,594 a year. The US average is $28,555 a year.
- The Median household income of a Cave City resident is $40,750 a year. The US average is $69,021 a year.