Sherrill, AR is a small town located in Arkansas. It has a population of less than 500 people and is known for its friendly environment, great scenery, and affordable living. The average rent for a two-bedroom apartment in Sherrill is $780 which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Sherrill is 98 versus 100 in the US. This makes it more affordable to purchase groceries compared to other places in the United States. The cost of living in Sherrill is quite low which makes it attractive to those looking for an affordable place to live. There are several local businesses that make up the economy such as Lowe's Grocery Store and Southern Bank & Trust Company. With its low cost of living and friendly atmosphere, it's no wonder why many people choose to call Sherrill home.
Sherrill has an unemployment rate of 7.3%. The US average is 6.0%.
Sherrill has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 17.4%, which is lower than the US average of 33.5%.
Tax Rates for Sherrill
- The Sales Tax Rate for Sherrill is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Sherrill 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 Sherrill
- The average income of a Sherrill resident is $13,621 a year. The US average is $28,555 a year.
- The Median household income of a Sherrill resident is $18,564 a year. The US average is $69,021 a year.