Ozark, AR is a small city located in Franklin County with a population of around 4,700 people. The cost of living in Ozark is significantly less than the US average, with an average 2 bedroom rent of $720 compared to the US average of $1,430. Grocery Cost Index in Ozark is 93 versus 100 in the US meaning that food items are 7% cheaper than they are in most parts of the US. There are many local businesses that have been established here including Farmer's Insurance, Walmart Neighborhood Market and D&D Heating & Air. In comparison to other parts of the country, Ozark provides residents with a much more affordable lifestyle where rent and groceries cost considerably less than what one would find on average in America.
Ozark has an unemployment rate of 4.3%. The US average is 6.0%.
Ozark has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Ozark
- The Sales Tax Rate for Ozark is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Ozark 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 Ozark
- The average income of a Ozark resident is $14,874 a year. The US average is $28,555 a year.
- The Median household income of a Ozark resident is $34,272 a year. The US average is $69,021 a year.