Ola, AR is a small town located in Yell County, Arkansas. It is a quiet and friendly community with plenty of local amenities. The cost of living is much lower than the national average, with the average two bedroom rent at only $760 compared to $1,430 for the US. The grocery cost index is also lower than the national average at 92 versus 100. Residents of Ola enjoy easy access to businesses such as Ed's Quick Stop, T & D Grocery, and Whittenburg Furniture Company which all offer quality services. Other amenities in Ola include 4 churches, 2 parks, a school system that offers K-12 education, and 1 library. With such great amenities available in Ola, it’s no wonder why so many people chose this town as their home!
Ola has an unemployment rate of 4.6%. The US average is 6.0%.
Ola has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Ola
- The Sales Tax Rate for Ola is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Ola 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 Ola
- The average income of a Ola resident is $16,851 a year. The US average is $28,555 a year.
- The Median household income of a Ola resident is $34,375 a year. The US average is $69,021 a year.