Cotter, AR is a small town nestled in the Ozark Mountain region of Arkansas. It is known for its rich history and scenic beauty. Cotter is home to several local businesses including Cotter Water Works, River Valley Market, and Ozark Cafe. The cost of living in Cotter is quite low compared to the national average with 2 bedroom rents costing only $770 compared to the US average of $1430. Additionally, grocery costs are 97 compared to 100 in the US according to the Grocer Cost Index. This makes Cotter an attractive place for those looking for affordable living options without sacrificing quality of life or access to goods and services.
Cotter has an unemployment rate of 4.4%. The US average is 6.0%.
Cotter has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Cotter
- The Sales Tax Rate for Cotter is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Cotter 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 Cotter
- The average income of a Cotter resident is $22,944 a year. The US average is $37,638 a year.
- The Median household income of a Cotter resident is $31,324 a year. The US average is $69,021 a year.