Horatio, AR is a small town located in the south of Arkansas. It has a population of about 1,852 people and is known for its rural charm and tight knit community. Horatio is an affordable place to live, as the average rent for a two bedroom apartment is $710 compared to the US average of $1,430. Grocery costs are even cheaper than the US average with an index score of 89 versus 100 in the US.
Local companies in Horatio include a variety of businesses such as Old Red Barn Antiques, Live Oak Country Club Golf Course, Farm Bureau Insurance Agency, and K&B Automotive. Additionally, one can find plenty of outdoor activities like fishing at Lake Millwood and hiking along the Big Piney Trail or Cedar Creek Wildlife Management Area. Other attractions locals enjoy are Cossatot River State Park-Natural Area and Old Union Cemetery - both popular historical sites - as well as visiting local museums such as Zeke’s Hot Spot Museum & Craft Shop or taking in live music at Dixie Cafe Restaurant & Lounge.
Horatio has an unemployment rate of 5.6%. The US average is 6.0%.
Horatio has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.
Tax Rates for Horatio
- The Sales Tax Rate for Horatio is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Horatio 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 Horatio
- The average income of a Horatio resident is $12,532 a year. The US average is $28,555 a year.
- The Median household income of a Horatio resident is $31,635 a year. The US average is $69,021 a year.