Oden, Arkansas is a small town with an estimated population of 550. It is a great place to live in because of its low cost of living. The average 2 bedroom rent in Oden, AR is $700 compared to the US average of $1,430. Also the grocery cost index in Oden, AR is 93 compared to the US average of 100.
It’s not just affordable housing that attracts people to Oden, it also has plenty of local businesses that cater to the needs of its citizens. Some examples are the local hardware store, Ace Hardware; the family-owned general store, Foster's General Store; and restaurants like Lemonaide Cafe and Buddy's BBQ. All these businesses provide employment opportunities as well as catering to everyday needs.
Oden has an unemployment rate of 5.2%. The US average is 6.0%.
Oden has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Oden
- The Sales Tax Rate for Oden is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Oden 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 Oden
- The average income of a Oden resident is $13,806 a year. The US average is $28,555 a year.
- The Median household income of a Oden resident is $38,232 a year. The US average is $69,021 a year.