Corning, AR is a small town located in Clay County in the northeastern part of Arkansas. With a population of just over 1,000 people, Corning offers local residents a peaceful and quiet atmosphere to call home. The rent for a two-bedroom apartment is quite affordable at $640 compared to the US average of $1,430. Additionally, groceries are particularly good value with an index score of 91 compared to the US average of 100.
Corning has many local businesses that cater to its residents’ needs such as Corning Pharmacy, L & S Groceries & Convenience Store and Corning Auto Parts. Other companies include Jones Welding Supply Inc., E&M Mechanical Contractors LLC and McBryar Plumbing Company. All these businesses provide employment opportunities for locals and also contribute to the overall health of Corning’s economy.
The cost of living in Corning is quite affordable when compared with other parts of Arkansas and the US as a whole. The low rental prices combined with relatively low grocery costs makes it an attractive location for those looking to stay within budget without compromising on quality of life.
Corning has an unemployment rate of 5.2%. The US average is 6.0%.
Corning 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 10.6%, which is lower than the US average of 33.5%.
Tax Rates for Corning
- The Sales Tax Rate for Corning is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Corning 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 Corning
- The average income of a Corning resident is $22,520 a year. The US average is $37,638 a year.
- The Median household income of a Corning resident is $33,068 a year. The US average is $69,021 a year.