Gillett, AR Economy


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United States / Arkansas / No Metro Area / Arkansas County / Gillett / Zip Codes
Gillett, AR is a small town located in Arkansas that boasts many features. Rent for two-bedroom apartments is particularly affordable at only $760, compared to the nationwide average of $1 430. Moreover, the local grocery cost index in Gillett is 91 versus 100 in the US. This makes living in Gillett an incredibly economical option for those looking for a place to call home. The town has many local companies to explore such as Moonlight Pizza & Subs and Ruttons Welding & Machine Works. In addition, tourists can enjoy several attractions including the Veterans Memorial Park and Mayhaw Wildlife Management Area.

Gillett has an unemployment rate of 4.0%. The US average is 6.0%.

Gillett has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 14.1%, which is lower than the US average of 33.5%.

Tax Rates for Gillett
- The Sales Tax Rate for Gillett is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Gillett 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 Gillett
- The average income of a Gillett resident is $20,618 a year. The US average is $28,555 a year.
- The Median household income of a Gillett resident is $48,333 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGillett, ArkansasUnited States
  46
  -1.6%-6.2%
  14.1%33.5%
  7.5%6.2%
  6.9%4.6%
  $28,220$37,638
  $48,333$69,021
  $61,964$85,028
  Population by Occupation
  18.9%1.2%
  0.0%0.5%
  2.3%6.8%
  21.2%10.0%
  3.2%2.5%
  8.3%11.0%
  1.8%4.8%
  3.2%0.8%
  0.0%1.9%
  2.8%4.7%
  0.9%1.9%
  2.8%7.6%
  0.0%0.1%
  2.3%4.2%
  3.7%9.3%
  7.4%14.0%
  0.0%2.1%
  7.4%7.0%
  5.1%4.8%
  8.8%4.7%
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