Norfork, AR is a small city located in the North Central Arkansas region. It has a population of about 1,400 people and is known for its laid-back atmosphere. The average rent for a two-bedroom apartment in Norfork is $690 per month, which is significantly lower than the U.S. average of $1,430 per month. Furthermore, the Grocery Cost Index in Norfork is 96 versus 100 in the US. This makes it cheaper to live in Norfork as compared to other parts of the United States.
Norfork has many local companies that residents can shop at such as White River Market and Bell’s Furniture Shop. These businesses have been staples of the community since their founding and help keep the economy afloat by providing jobs to its citizens as well as goods and services to its customers. In addition to these stores, there are also several restaurants located within Norfork including The Catfish House and J&G Diner which offer delicious meals at reasonable prices. All these factors make Norfork an attractive place for those looking to live on a budget while still enjoying all that this city has to offer.
Norfork has an unemployment rate of 4.4%. The US average is 6.0%.
Norfork has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Norfork
- The Sales Tax Rate for Norfork is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Norfork 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 Norfork
- The average income of a Norfork resident is $20,145 a year. The US average is $28,555 a year.
- The Median household income of a Norfork resident is $32,688 a year. The US average is $69,021 a year.