Cove, AR is a wonderful place to live. It offers a peaceful and quiet environment with the convenience of being close to larger cities. The rent for two bedroom apartments in Cove is $750, which is significantly lower than the national average of $1,430. This makes it an affordable place for families and individuals alike. Additionally, the grocery cost index in Cove is 92 compared to 100 on average throughout the US which means that groceries are cheaper here than elsewhere.
Cove has many local businesses such as Steamboat’s BBQ restaurant, Creekview Church, and COVE Clinic. These businesses provide residents with employment opportunities and important services necessary for day-to-day life. In addition to these companies there are several shops offering clothing, furniture, souvenirs and more providing locals with savings when it comes to shopping expenses.
Overall, Cove's low rent prices combined with its low grocery costs make it an appealing place for those looking for a great place to live without spending too much money. With numerous local companies available everyone can find something that fits their needs and budget in Cove, AR.
Cove has an unemployment rate of 5.4%. The US average is 6.0%.
Cove has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 18.8%, which is lower than the US average of 33.5%.
Tax Rates for Cove
- The Sales Tax Rate for Cove is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Cove 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 Cove
- The average income of a Cove resident is $13,721 a year. The US average is $28,555 a year.
- The Median household income of a Cove resident is $26,250 a year. The US average is $69,021 a year.