Gilmore, AR Economy


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Gilmore, AR is an affordable place to live with 2 bedroom rent averaging at $820 per month, which is significantly better than the national average of $1,430. Additionally the Grocery Cost Index in Gilmore is 91 versus 100 in the US. This makes it a great place for people who are looking for ways to save money. \nLocal companies in Gilmore include Walmart, U-Haul, Lowe's Home Improvement and Dollar General. There are also numerous restaurants such as Sonic Drive-In and Jack's Cafe that offer delicious meals. \nFor those looking for outdoor activities there's the nearby Lake Dardanelle State Park where visitors can enjoy swimming, fishing, boating, camping and more. The historic downtown area also offers plenty of opportunities for shopping and dining. In addition there are numerous museums and galleries such as the Arkansas Air Museum and Arts Center of the Ozarks that offer educational programs and exhibits worth visiting.

Gilmore has an unemployment rate of 5.8%. The US average is 6.0%.

Gilmore 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 Gilmore
- The Sales Tax Rate for Gilmore is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Gilmore 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 Gilmore
- The average income of a Gilmore resident is $16,363 a year. The US average is $28,555 a year.
- The Median household income of a Gilmore resident is $26,699 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGilmore, ArkansasUnited States
  5.86
  -4.3%-6.2%
  32.0%33.5%
  10.3%6.2%
  6.9%4.6%
  $16,487$37,638
  $26,699$69,021
  $26,763$85,028
  Population by Occupation
  10.3%1.2%
  0.0%0.5%
  15.5%6.8%
  15.5%10.0%
  0.0%2.5%
  13.8%11.0%
  17.2%4.8%
  0.0%0.8%
  0.0%1.9%
  6.9%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  5.2%4.2%
  5.2%9.3%
  6.9%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  3.4%4.7%
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