North Little Rock, AR is a great place for those looking for an affordable city to live in. The average rental cost for a 2 bedroom apartment is $940, which is significantly lower than the national average of $1,430. In addition to this low cost of living, North Little Rock also offers a great selection of local business that can help residents save money on groceries. According to the Grocery Cost Index, food in North Little Rock is 6% cheaper than it is in the US as a whole. Popular local companies such as Arkansas Farm Bureau Co-op, Harvest Grocery and Market, and Big Orange Warehouse offer quality produce and groceries at competitive prices. All in all, North Little Rock offers a great balance of affordability and convenience.
North Little Rock has an unemployment rate of 6.1%. The US average is 6.0%.
North Little Rock has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for North Little Rock
- The Sales Tax Rate for North Little Rock is 9.4%. The US average is 7.3%.
- The Income Tax Rate for North Little Rock 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 North Little Rock
- The average income of a North Little Rock resident is $23,196 a year. The US average is $28,555 a year.
- The Median household income of a North Little Rock resident is $45,590 a year. The US average is $69,021 a year.