Farmington, AR is a small town located in Washington County. It has a population of just over 600 people, making it an ideal place for those looking for a quiet and laid-back lifestyle. The cost of living in Farmington, AR is quite low, with the average 2 bedroom rent being $1,010 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Farmington is 98 versus 100 in the US.
Farmington is home to many local businesses such as Bob's Market & Cafe and The Curtain Call Theatre. It also offers numerous outdoor activities and attractions like Lake Wedington and Devil's Den State Park. There are plenty of opportunities for hiking, biking, and camping in these areas. With its lush forests and easy access to nature, Farmington provides an excellent getaway from city life without sacrificing convenience or affordability.
Farmington has an unemployment rate of 3.5%. The US average is 6.0%.
Farmington 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 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Farmington
- The Sales Tax Rate for Farmington is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Farmington 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 Farmington
- The average income of a Farmington resident is $23,682 a year. The US average is $28,555 a year.
- The Median household income of a Farmington resident is $77,443 a year. The US average is $69,021 a year.