Jerome, AR is a small rural town located in Arkansas. It has an affordable cost of living, with a two bedroom rent of only $570 compared to the US average of $1,430. The grocery cost index in Jerome is also 91 versus 100 in the US. This makes it a great place for people looking to save money on daily living expenses. Although it is small, Jerome offers plenty of amenities and businesses that make life enjoyable for its inhabitants. Local companies include Applegate's Cafe and Bakery, Sutherlin Super Market, Charley's Pizza Shop, Eagle Pharmacy and Hardware Store, and Warburton Motors.
Jerome has an unemployment rate of 5.8%. The US average is 6.0%.
Jerome 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 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Jerome
- The Sales Tax Rate for Jerome is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Jerome 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 Jerome
- The average income of a Jerome resident is $25,338 a year. The US average is $28,555 a year.
- The Median household income of a Jerome resident is $50,938 a year. The US average is $69,021 a year.