London, AR is a small town in Arkansas located near the Ozark Mountains. It is an economically-sound town with businesses like Brown's Feed Seed and Tractor Supply Company, as well as locally-owned restaurants such as Big John's BBQ. The local economy is largely based on agriculture, with many farmers tending to their crops and livestock in and around the area. The cost of living in London, AR is quite low compared to other parts of the US; 2 bedroom apartments rent for only $730 whereas rent for an equivalent apartment in the US can be more than twice that at $1,430. Furthermore, groceries costs are much lower here with a Grocery Cost Index of 94 compared to 100 in the US.
London has an unemployment rate of 4.5%. The US average is 6.0%.
London has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for London
- The Sales Tax Rate for London is 7.5%. The US average is 7.3%.
- The Income Tax Rate for London 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 London
- The average income of a London resident is $17,688 a year. The US average is $28,555 a year.
- The Median household income of a London resident is $44,531 a year. The US average is $69,021 a year.