Patterson, AR is a small town with a population of approximately 1,000 people. It is located in western Arkansas and has a variety of local businesses such as Patterson Supermarket and Patterson Lawn Care. The cost of living in Patterson is fairly low compared to the rest of the United States. For example, rent for a two bedroom apartment averages around $580 per month, which is significantly lower than the national average of $1,430 per month. Additionally, the Grocery Cost Index in Patterson is 86 versus 100 in the US which means it costs less to buy groceries here than in other places across America. In conclusion, Patterson offers residents a great quality of life at an affordable price.
Patterson has an unemployment rate of 6.3%. The US average is 6.0%.
Patterson has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 13.9%, which is lower than the US average of 33.5%.
Tax Rates for Patterson
- The Sales Tax Rate for Patterson is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Patterson 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 Patterson
- The average income of a Patterson resident is $16,473 a year. The US average is $28,555 a year.
- The Median household income of a Patterson resident is $29,250 a year. The US average is $69,021 a year.