Lonoke, AR is a small city located in the Arkansas Delta. It is known for its access to outdoor recreation sites and friendly community. The cost of living in Lonoke is well below the national average, with a 2 Bedroom rent at $810 compared to $1,430 in the US. The Grocery Cost Index also sits at 95 versus 100 nationally. Local companies such as Terry's Supermarket ,Lonoke Pharmacy, and Body Tunes Health & Wellness provide the community with necessary services.
Lonoke has an unemployment rate of 4.0%. The US average is 6.0%.
Lonoke has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Lonoke
- The Sales Tax Rate for Lonoke is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Lonoke 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 Lonoke
- The average income of a Lonoke resident is $19,008 a year. The US average is $28,555 a year.
- The Median household income of a Lonoke resident is $41,169 a year. The US average is $69,021 a year.