Cotton Plant, AR is a small town in Arkansas with a population of about 574 people. It is an agricultural community and home to many local businesses. The 2 bedroom rent in Cotton Plant, AR is much lower than the US average at $510 compared with $1,430 in the US. Additionally, grocery costs are also more affordable with a Grocery Cost Index of 87 versus 100 in the US. Cotton Plant boasts some great local companies like the Perry Equipment Company which specializes in providing solutions for power industry needs as well as attractions like the Old Town Park which offers plenty of outdoor activities such as picnicking, hiking and fishing.
Cotton Plant has an unemployment rate of 6.3%. The US average is 6.0%.
Cotton Plant has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 13.9%, which is lower than the US average of 33.5%.
Tax Rates for Cotton Plant
- The Sales Tax Rate for Cotton Plant is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Cotton Plant 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 Cotton Plant
- The average income of a Cotton Plant resident is $15,209 a year. The US average is $28,555 a year.
- The Median household income of a Cotton Plant resident is $16,923 a year. The US average is $69,021 a year.