Decatur, AR is a small city located in the Northwest corner of Arkansas. The city has a population of around 4,500 people and offers an affordable housing option with 2 bedroom rents averaging only $790 per month compared to the US average of $1,430 per month making it a great choice for those looking for cheap living. Additionally, Decatur has a grocery cost index of 96 in comparison to the US index which is 100 giving residents the opportunity to save on their groceries. Decatur is home to several local companies such as First National Bank of Decatur, Decatur Grain & Feed Co., Watson & Knox Service Station and Carwash, and Southwest Auto Sales Inc.. The city provides its residents with a unique balance of affordability and convenience at an attractive price point.
Decatur has an unemployment rate of 3.4%. The US average is 6.0%.
Decatur has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 46.9%, which is higher than the US average of 33.5%.
Tax Rates for Decatur
- The Sales Tax Rate for Decatur is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Decatur 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 Decatur
- The average income of a Decatur resident is $13,267 a year. The US average is $28,555 a year.
- The Median household income of a Decatur resident is $41,912 a year. The US average is $69,021 a year.