Rector, AR is a small town located on the northeastern side of Arkansas. It has several local businesses including Paragould Community Bank, Agri-Business Supply Co., and Walmart Supercenter. The low cost of living in Rector, AR is due to its relatively small population size and the availability of local services. Rent for a two-bedroom can go as low as $650 compared to the national average of $1,430. The Grocery Cost Index in Rector, AR also stands at 92 compared to 100 in the US, indicating that food costs here are also lower than average. This makes it easier for individuals and families to live comfortably without breaking their budget.
Rector has an unemployment rate of 5.2%. The US average is 6.0%.
Rector 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 10.6%, which is lower than the US average of 33.5%.
Tax Rates for Rector
- The Sales Tax Rate for Rector is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Rector 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 Rector
- The average income of a Rector resident is $16,602 a year. The US average is $28,555 a year.
- The Median household income of a Rector resident is $33,169 a year. The US average is $69,021 a year.