Cave Springs, Arkansas is a small city located in Benton County that offers residents plenty of opportunities to thrive. The city is home to a variety of local businesses that range from small shops to larger corporations like Walmart and Sam's Club. Residents benefit from low 2 bedroom rent prices of $1,330 per month compared to the US average of $1,430 as well as a cost of living index that is slightly lower than the US average at 101 versus 100. The city also offers an array of outdoor activities such as hiking trails, fishing ponds, and golf courses. With its proximity to major cities like Fayetteville and Springdale, Cave Springs provides the perfect balance between country living and city life.
Cave Springs has an unemployment rate of 3.4%. The US average is 6.0%.
Cave Springs 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 46.9%, which is higher than the US average of 33.5%.
Tax Rates for Cave Springs
- The Sales Tax Rate for Cave Springs is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Cave Springs 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 Cave Springs
- The average income of a Cave Springs resident is $33,806 a year. The US average is $28,555 a year.
- The Median household income of a Cave Springs resident is $140,195 a year. The US average is $69,021 a year.