Gravette, Arkansas is a town located in Benton County in the Northwest corner of the state. It is a small community with an estimated 2017 population of 2,582 people. The cost of living in Gravette is relatively low compared to the US as a whole. The average rent for two-bedroom apartments is $910 per month, which is significantly lower than the national average of $1,430. Groceries also cost less here compared to the rest of the country with an index score of 98 versus 100 in the US.
Gravette has several local businesses that contribute to its economy and provide employment opportunities to residents. These include Denco Manufacturing Inc., Midwest Industrial Supply Co., Countryside Veterinary Service and Presley Funeral Home & Cremation Services. Other prominent employers include Walmart Distribution Center, Tyson Foods and Arkansas Best Freight System Inc.
Gravette has an unemployment rate of 3.4%. The US average is 6.0%.
Gravette 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 46.9%, which is higher than the US average of 33.5%.
Tax Rates for Gravette
- The Sales Tax Rate for Gravette is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Gravette 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 Gravette
- The average income of a Gravette resident is $20,117 a year. The US average is $28,555 a year.
- The Median household income of a Gravette resident is $54,265 a year. The US average is $69,021 a year.