Knoxville, AR is a charming city located in the Northeast corner of Arkansas. It offers a low cost of living with two bedroom rent at $750 per month compared to the US average of $1,430. Additionally, groceries are very affordable with the Knoxville Grocery Cost Index 94 versus 100 in the US. Knoxville is home to several local businesses such as Walmart, Baptist Health Medical Center and University of Arkansas Community College - Morrilton. Tourists and visitors alike can explore history and culture at The Cossatot River State Park, Lake Dardanelle State Park or Petit Jean State Park . With its diverse attractions and activities, Knoxville is an ideal spot for families looking for a laid-back lifestyle with plenty of big-city amenities nearby.
Knoxville has an unemployment rate of 5.2%. The US average is 6.0%.
Knoxville has seen the job market decrease by -2.3% 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 Knoxville
- The Sales Tax Rate for Knoxville is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Knoxville 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 Knoxville
- The average income of a Knoxville resident is $19,100 a year. The US average is $28,555 a year.
- The Median household income of a Knoxville resident is $41,750 a year. The US average is $69,021 a year.