Donaldson, Arkansas is a small town located in Hempstead County. It has a population of about 1,200 people and offers a unique small-town experience with its friendly locals and local businesses. Residents can enjoy a variety of activities such as fishing on the nearby Ouachita River, bird watching at the local lake, or visiting historic sites within the city. The cost of living in Donaldson is quite reasonable due to its low rental rates which are around $740 for two bedroom apartments and a grocery cost index of 92 versus 100 in the US. Local businesses in Donaldson include Donaldson United Methodist Church, Superior Food Service Inc., Thompson Saw & Supply Inc., and Finley’s Country Store.
Donaldson has an unemployment rate of 4.6%. The US average is 6.0%.
Donaldson has seen the job market decrease by -1.4% 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 Donaldson
- The Sales Tax Rate for Donaldson is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Donaldson 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 Donaldson
- The average income of a Donaldson resident is $15,094 a year. The US average is $28,555 a year.
- The Median household income of a Donaldson resident is $38,095 a year. The US average is $69,021 a year.