Holiday Island, AR is a small town located in the Northwest corner of Arkansas. The cost of living there is much lower than the national average, with two bedroom rent being on average $830 compared to the national average of $1,430. Grocery costs are also much lower in Holiday Island at 98 compared to 100 in the US. Local companies that operate in Holiday Island include First National Bank of Northwest Arkansas, HVAC Supply Co., and Lumberland Industries. These companies provide goods and services to residents as well as employment opportunities and a boost to the local economy.
Holiday Island has an unemployment rate of 4.6%. The US average is 6.0%.
Holiday Island has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Holiday Island
- The Sales Tax Rate for Holiday Island is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Holiday Island 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 Holiday Island
- The average income of a Holiday Island resident is $24,234 a year. The US average is $28,555 a year.
- The Median household income of a Holiday Island resident is $48,141 a year. The US average is $69,021 a year.