Edmondson, AR is a small town located in the southern United States. It has a population of approximately 8,000 people and is known for its low cost of living. The average rent for a two-bedroom apartment in Edmondson is $840, which is much lower than the national average of $1,430. Additionally, the grocery cost index in Edmondson is 94 versus 100 in the US, meaning items such as food and drinks tend to be cheaper than most other places.
Edmondson’s economy is largely supported by local companies such as Edmonson Lumber Co., which provides lumber products to customers around the country; Edwards & Sons Hardware Store, which offers tools and equipment from top brands; and Miller's Homestyle Bakery, which offers freshly baked goods daily. These businesses offer products at competitive prices due to their proximity to suppliers and low overhead costs associated with running a small business. All these factors combined make Edmonson an attractive place to live or do business.
Edmondson has an unemployment rate of 5.8%. The US average is 6.0%.
Edmondson 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 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Edmondson
- The Sales Tax Rate for Edmondson is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Edmondson 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 Edmondson
- The average income of a Edmondson resident is $18,961 a year. The US average is $28,555 a year.
- The Median household income of a Edmondson resident is $22,857 a year. The US average is $69,021 a year.