Houston, AR is an affordable place to live, with a two bedroom rent costing $760 compared to the US average at $1,430. Along with rent costs being more than 40% lower than the national average, Houston also has a grocery cost index at 96 versus 100 in the US. This shows that groceries are slightly cheaper than average. Some local businesses include Moser Wood Prodcuts Co., White County Lumber Co., and Advance Hydraulics Corporation. Houston is not only attractive because of its lower cost of living but also for its diverse economy which provides job opportunities for those who decide to call this city home.
Houston has an unemployment rate of 4.8%. The US average is 6.0%.
Houston has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Houston
- The Sales Tax Rate for Houston is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Houston 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 Houston
- The average income of a Houston resident is $14,674 a year. The US average is $37,638 a year.
- The Median household income of a Houston resident is $0 a year. The US average is $69,021 a year.