Vandervoort, AR is a small town located in Arkansas with numerous resources to help its citizens. The city offers an affordable cost of living with a 2 bedroom rent at $760 versus the US average of $1,430. The grocery cost index in Vandervoort is also lower than the national average; 92 versus 100 in the US. This low cost of living allows locals to stretch their income further. \nThe city is home to several businesses that contribute to its economy such as Bank OZK, Southland Steel Fabricators, Inc., and Vandervoort Post Office. These local companies provide citizens with job opportunities and economic stability. Furthermore, local resources like schools, libraries, parks and churches help strengthen community ties by providing services for Vandervoort’s residents. These resources are essential for maintaining a healthy lifestyle while promoting positive community initiatives such as volunteer work and educational programs. Overall, Vandervoort provides the perfect combination of affordability and quality which makes it an attractive place to live for those looking for a tight-knit town with plenty of amenities nearby.
Vandervoort has an unemployment rate of 5.4%. The US average is 6.0%.
Vandervoort has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 18.8%, which is lower than the US average of 33.5%.
Tax Rates for Vandervoort
- The Sales Tax Rate for Vandervoort is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Vandervoort 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 Vandervoort
- The average income of a Vandervoort resident is $12,538 a year. The US average is $28,555 a year.
- The Median household income of a Vandervoort resident is $56,250 a year. The US average is $69,021 a year.