Oil Trough, AR is an excellent small town situated in Independence County that offers its residents a comfortable lifestyle with plenty of local amenities. The 2 bedroom rental cost is significantly lower than the US average at just $630 per month, while the Grocery Cost Index for Oil Trough is at 90 compared to 100 for the US. Locals can enjoy a variety of shopping experiences from several local stores including Jerry's Country Store, Gas Station and Quality Shoe Shop. Attractions include 8 miles of hiking trails at Big Bottom Memorial Park and popular annual events such as Ozark Heritage Arts Festival and Annual Craft Fair.
Oil Trough has an unemployment rate of 4.5%. The US average is 6.0%.
Oil Trough has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Oil Trough
- The Sales Tax Rate for Oil Trough is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Oil Trough 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 Oil Trough
- The average income of a Oil Trough resident is $16,626 a year. The US average is $28,555 a year.
- The Median household income of a Oil Trough resident is $36,806 a year. The US average is $69,021 a year.