Black Springs, Arkansas is an affordable and convenient place to live. Rental costs for a two-bedroom apartment are $640, nearly half of the national average of $1430. Grocery prices in Black Springs are also low, with a grocery cost index of 92 compared to the national index of 100. The city is home to some great local businesses such as the Black Springs Café which serves delicious homemade meals and The Flower Shop which provides quality floral arrangements for any occasion. With its low cost of living and numerous local businesses, Black Springs is the perfect place to call home.
Black Springs has an unemployment rate of 5.2%. The US average is 6.0%.
Black Springs has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Black Springs
- The Sales Tax Rate for Black Springs is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Black Springs 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 Black Springs
- The average income of a Black Springs resident is $22,300 a year. The US average is $37,638 a year.
- The Median household income of a Black Springs resident is $45,500 a year. The US average is $69,021 a year.