Thatcher, AZ is an attractive small town located in southeast Arizona. It has a population of around 3,800 and is known for its rural landscape and beautiful sunsets. The cost of living in Thatcher is relatively affordable, with 2 bedroom rents averaging just $1,060 per month compared to the US average of $1,430. Additionally, the grocery cost index in Thatcher is 96 compared to 100 in the US.
The local economy in Thatcher is vibrant and growing, with popular companies such as O’Reilly Auto Parts, D & K Distributing Co., American Family Insurance Agency, First Federal Bank, and Walmart Supercenter all having established offices within the city limits. There is also a thriving agricultural industry which has been supplying southeast Arizona with quality produce for many years.
Thatcher has an unemployment rate of 5.4%. The US average is 6.0%.
Thatcher has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Thatcher
- The Sales Tax Rate for Thatcher is 9.1%. The US average is 7.3%.
- The Income Tax Rate for Thatcher is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Thatcher
- The average income of a Thatcher resident is $21,932 a year. The US average is $28,555 a year.
- The Median household income of a Thatcher resident is $66,821 a year. The US average is $69,021 a year.