Palestine, AR is a small town located in Arkansas with a population of about 750 people. The cost of living in Palestine is quite affordable compared to other locations in the US. For instance, rent for a two bedroom apartment can range between $700-800 per month much lower than the national average of around $1,430. Additionally, the grocery cost index in Palestine is 91 versus 100 nationally. It offers a variety of local businesses such as Desha Valley Grocery Store, Piggly Wiggly and JP's Country Store that offer prices cheaper than those found at larger chains. All-in-all, Palestine provides an affordable place to live with a small town charm.
Palestine has an unemployment rate of 7.3%. The US average is 6.0%.
Palestine 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 10.1%, which is lower than the US average of 33.5%.
Tax Rates for Palestine
- The Sales Tax Rate for Palestine is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Palestine 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 Palestine
- The average income of a Palestine resident is $16,591 a year. The US average is $28,555 a year.
- The Median household income of a Palestine resident is $30,368 a year. The US average is $69,021 a year.