Staves, AR is a small community located in the heart of Arkansas. The cost of living is quite low compared to national average, with rent for a two bedroom unit averaging at $730 compared to $1,430 for the US as a whole. Likewise, the Grocery Cost Index in Staves stands at 94 versus 100 for the US. This makes it an attractive place to live for those looking to minimize their expenditure.
The city also offers employment opportunities from local companies such as ArkGrow Technology, Farmer's Market of Staves and Walkway Logistics Services. With its low cost of living and access to jobs at these local companies, Staves is a great option for those seeking economical living while still having access to job opportunities.
Staves has an unemployment rate of 4.6%. The US average is 6.0%.
Staves has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 19.7%, which is lower than the US average of 33.5%.
Tax Rates for Staves
- The Sales Tax Rate for Staves is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Staves 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 Staves
- The average income of a Staves resident is $20,055 a year. The US average is $28,555 a year.
- The Median household income of a Staves resident is $120,375 a year. The US average is $69,021 a year.