Midway town, AR is a small community located in the south of the state. It offers affordable living for those looking for a cost-effective place to live with an average 2 bedroom rent of only $740 per month, compared to the US average of $1,430. The Grocery Cost Index in Midway town is also very reasonable at 92 while the US average is 100. \nThere are many local companies that offer employment opportunities in Midway town, such as Midway Motor Company, Midway Bank and Midway Town Hall. Tourists can enjoy visiting several attractions nearby such as Natural History Museum or visit one of the nearby cities like Little Rock or Hot Springs for shopping and entertainment.
Midway town (Hot Spring County) has an unemployment rate of 4.6%. The US average is 6.0%.
Midway town (Hot Spring County) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Midway town (Hot Spring County)
- The Sales Tax Rate for Midway town (Hot Spring County) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Midway town (Hot Spring County) 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 Midway town (Hot Spring County)
- The average income of a Midway town (Hot Spring County) resident is $23,522 a year. The US average is $37,638 a year.
- The Median household income of a Midway town (Hot Spring County) resident is $64,766 a year. The US average is $69,021 a year.