Glenwood, AR is a small town located about 40 miles southwest of Little Rock. It offers a peaceful lifestyle with plenty of outdoor activities to enjoy. The cost of living in Glenwood is much lower than the rest of the United States. The median 2-bedroom rent in Glenwood is $700 compared to an average of $1,430 for the US. Grocery prices are also relatively low as reflected by the Cost Index which is 92 versus 100 in the US. There are many local businesses that provide services to those who live in Glenwood such as Walmart Supercenter, McDonald's, and Sonic Drive-In. These companies offer competitive pricing on goods and services that make living in Glenwood even more affordable.
Glenwood has an unemployment rate of 5.0%. The US average is 6.0%.
Glenwood has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 34.7%, which is higher than the US average of 33.5%.
Tax Rates for Glenwood
- The Sales Tax Rate for Glenwood is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Glenwood 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 Glenwood
- The average income of a Glenwood resident is $16,791 a year. The US average is $28,555 a year.
- The Median household income of a Glenwood resident is $32,300 a year. The US average is $69,021 a year.