Cabot, AR is an ideal place to live if you're looking for affordability. The average rent for a two bedroom apartment in Cabot is $940, much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Cabot is 97 compared to the US average of 100, making groceries more affordable as well. Apart from its affordability, Cabot offers plenty of attractions and local businesses to enjoy such as the Cabot Cinemas movie theater, the historic Arkansas Repertory Theater and many locally owned restaurants and cafes. Whether you're a young family just starting out or retired couple looking to settle down, Cabot has something for everyone.
Cabot has an unemployment rate of 4.3%. The US average is 6.0%.
Cabot 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 32.4%, which is lower than the US average of 33.5%.
Tax Rates for Cabot
- The Sales Tax Rate for Cabot is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Cabot 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 Cabot
- The average income of a Cabot resident is $24,632 a year. The US average is $28,555 a year.
- The Median household income of a Cabot resident is $62,654 a year. The US average is $69,021 a year.