Powhatan, AR is a small town located in the north-central part of Arkansas with a population of approximately 450 people. It is well-known for its tight-knit sense of community and family atmosphere. The cost of living in Powhatan, AR is lower than the US average, as evidenced by the 2 bedroom rent being $710 compared to $1,430 in the US, and a grocery cost index of 94 versus 100 in the US. Businesses such as J&J Pawn & Jewelry, Cash Saver Grocery Store, and Powhatan Feeds are some of the notable local establishments. Public transportation is also available for residents who need to commute to nearby cities or towns.
Powhatan has an unemployment rate of 5.0%. The US average is 6.0%.
Powhatan has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Powhatan
- The Sales Tax Rate for Powhatan is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Powhatan 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 Powhatan
- The average income of a Powhatan resident is $17,664 a year. The US average is $37,638 a year.
- The Median household income of a Powhatan resident is $0 a year. The US average is $69,021 a year.