Crossett, AR is a small town in southeastern Arkansas with a population of around 5,500 people. Located near the Arkansas-Louisiana border, Crossett offers an affordable cost of living compared to other parts of the country. Rent for a two bedroom apartment is close to 40% lower than the national average at $650, and grocery costs are 11% less than what you would find on average in the US.
The town is home to several local companies, such as Georgia Pacific, which produces paper products and containerboard; Poplar Grove Peanut Company, which produces peanut butter; and The Great Southern Wood Preserving Inc., which treats wood products for outdoor use. These companies bring employment opportunities to residents in Crossett AR and contribute significantly to its economy.
In conclusion, Crossett AR is a great place to live if you're looking for affordability and local employment options. With its low rent prices and grocery costs index below the national average, Crossett remains an attractive option for those looking for an affordable cost of living.
Crossett has an unemployment rate of 8.4%. The US average is 6.0%.
Crossett has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 15.3%, which is lower than the US average of 33.5%.
Tax Rates for Crossett
- The Sales Tax Rate for Crossett is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Crossett 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 Crossett
- The average income of a Crossett resident is $17,538 a year. The US average is $28,555 a year.
- The Median household income of a Crossett resident is $37,000 a year. The US average is $69,021 a year.