Cherokee Village, AR is a picturesque small town located in Sharp County. It's the perfect place for those looking to escape from big city life yet remain close enough to larger towns with plenty of amenities. With an average 2 bedroom rent of $700, it's significantly cheaper than the national average of $1,430. In addition to its affordable housing, Cherokee Village also boasts a lower cost of living thanks to its Grocery Cost Index at 92 compared to 100 in the US. Local companies such as Cherokee Village Supermarket make grocery shopping simple and convenient while other establishments like Masterpiece Outdoors make it easy for residents to recreate outdoors in any season. All things considered, Cherokee Village is a great option for those looking for an affordable yet peaceful place to call home.
Cherokee Village has an unemployment rate of 5.9%. The US average is 6.0%.
Cherokee Village 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 Cherokee Village
- The Sales Tax Rate for Cherokee Village is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Cherokee Village 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 Cherokee Village
- The average income of a Cherokee Village resident is $17,622 a year. The US average is $28,555 a year.
- The Median household income of a Cherokee Village resident is $32,730 a year. The US average is $69,021 a year.