Menifee, AR is a great place to live for those looking to save money and still have access to all the necessary amenities. The average cost of rent for a two-bedroom apartment is only $720 compared to the US average of $1,430. Additionally, groceries are more affordable locally with a grocery cost index at 93 compared to 100 in the US. Local businesses in Menifee that contribute to the economy include Ozark Bank, Menifee IGA Grocery Store, and the Menifee Country Store. All of these stores provide various goods and services that help make Menifee a great place to live.
Menifee has an unemployment rate of 4.9%. The US average is 6.0%.
Menifee has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.
Tax Rates for Menifee
- The Sales Tax Rate for Menifee is 11.3%. The US average is 7.3%.
- The Income Tax Rate for Menifee 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 Menifee
- The average income of a Menifee resident is $19,760 a year. The US average is $28,555 a year.
- The Median household income of a Menifee resident is $54,449 a year. The US average is $69,021 a year.