Austin, AR is a vibrant city full of promise and potential. The cost of living in this small town is surprisingly affordable, with two bedroom rent being $1,040 per month compared to the U.S. average of $1,430. The grocery cost index in Austin is also lower than that of the entire country - 96 versus 100. Notable companies in Austin include Tyson Foods, JB Hunt Transport Services Inc., and Walmart Inc., among others - all helping to fuel the local economy and provide employment opportunities for residents. With its rich culture and low monthly expenses when compared to national averages, it's no surprise that Austin has become an attractive place to live.
Austin has an unemployment rate of 4.0%. The US average is 6.0%.
Austin has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Austin
- The Sales Tax Rate for Austin is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Austin 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 Austin
- The average income of a Austin resident is $26,013 a year. The US average is $28,555 a year.
- The Median household income of a Austin resident is $78,878 a year. The US average is $69,021 a year.