Perrytown, AR is a small yet vibrant community with many local businesses and industries. Perrytown offers an affordable cost of living, with rent for a two bedroom apartment averaging around $680 per month, compared to the national average of $1,430 for the same size unit. This significant difference in rent costs makes Perrytown ideal for families looking to budget or those who are just starting out. The grocery cost index in Perrytown is also lower than the national average at 90, making it easy to purchase necessary items without breaking the bank. The local industries include retail stores, restaurants, automotive repair shops, and agricultural operations. All in all, Perrytown provides a comfortable place to work and live with an affordable cost of living.
Perrytown has an unemployment rate of 4.0%. The US average is 6.0%.
Perrytown has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Perrytown
- The Sales Tax Rate for Perrytown is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Perrytown 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 Perrytown
- The average income of a Perrytown resident is $17,445 a year. The US average is $28,555 a year.
- The Median household income of a Perrytown resident is $50,417 a year. The US average is $69,021 a year.