Tontitown, AR is a great place to live for those looking for an affordable and comfortable lifestyle. On average, the 2 bedroom rent in Tontitown is $1,000 — significantly lower than the US' average of $1,430. In addition, the Grocery Cost Index in Tontitown is 98 versus 100 in the US. Not only does this make groceries more affordable, but it can also help stretch one's budget further. The town itself has many local businesses such as Old Country Store and Light-Tornillo Pharmacy that contribute to its vibrant economy. Furthermore, with its proximity to larger cities with more job opportunities, it makes Tontitown an ideal place for people looking for a balance between an affordable and comfortable life.
Tontitown has an unemployment rate of 3.5%. The US average is 6.0%.
Tontitown has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Tontitown
- The Sales Tax Rate for Tontitown is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Tontitown 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 Tontitown
- The average income of a Tontitown resident is $37,402 a year. The US average is $28,555 a year.
- The Median household income of a Tontitown resident is $72,000 a year. The US average is $69,021 a year.