Chester, AR is a small city with a population of approximately 5,000 people. The cost of living in Chester is significantly lower than that of the United States as a whole. For instance, the average rent for a 2-bedroom apartment in Chester is $800 while the US average is $1,430. Additionally, groceries are 4% cheaper in Chester; the Grocery Cost Index in Chester is 94 compared to 100 in the US. There are many local businesses to explore such as Signal Hill Vineyard and Winery, Bakery on Main Street or even The Pizza Ranch where one can get pizza and homemade ice cream. All these services are provided at a much lower cost than other parts of Arkansas and the United States, making Chester an ideal place to live for those looking to save money without sacrificing quality.
Chester has an unemployment rate of 4.3%. The US average is 6.0%.
Chester has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Chester
- The Sales Tax Rate for Chester is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Chester 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 Chester
- The average income of a Chester resident is $16,972 a year. The US average is $37,638 a year.
- The Median household income of a Chester resident is $24,167 a year. The US average is $69,021 a year.