Weldon, AR is a small town located in the heart of Arkansas. The area has many local companies that serve the community such as Weldon Grocery Store and Weldon Pharmacy. The cost of living in this city is significantly lower than in other parts of the country with an average 2 bedroom rental price of $670, compared to the US average of $1,430. Additionally, the grocery cost index stands at 91 compared to the national average of 100. Weldon is known for its friendly and welcoming atmosphere with plenty of opportunities for residents to get involved in their community.
Weldon has an unemployment rate of 5.9%. The US average is 6.0%.
Weldon has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 10.4%, which is lower than the US average of 33.5%.
Tax Rates for Weldon
- The Sales Tax Rate for Weldon is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Weldon 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 Weldon
- The average income of a Weldon resident is $15,798 a year. The US average is $28,555 a year.
- The Median household income of a Weldon resident is $41,875 a year. The US average is $69,021 a year.