Horseshoe Bend, AR is a small town of 2,316 people in the northeast corner of the state. Despite its relatively small size, Horseshoe Bend offers a variety of local businesses ranging from grocery stores to automotive services. Additionally, the cost of living in Horseshoe Bend is modest as evidenced by the 2 bedroom rent being $640 per month compared with $1,430 in the US on average. The Grocery Cost Index in Horseshoe Bend is 91 versus 100 nationwide, making it a relatively affordable place to live. All in all, Horseshoe Bend offers a close-knit community atmosphere with lower than average living costs.
Horseshoe Bend has an unemployment rate of 6.0%. The US average is 6.0%.
Horseshoe Bend 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 16.9%, which is lower than the US average of 33.5%.
Tax Rates for Horseshoe Bend
- The Sales Tax Rate for Horseshoe Bend is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Horseshoe Bend 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 Horseshoe Bend
- The average income of a Horseshoe Bend resident is $18,159 a year. The US average is $28,555 a year.
- The Median household income of a Horseshoe Bend resident is $35,243 a year. The US average is $69,021 a year.