Damascus, AR is a rural city located in Northwest Arkansas and is known for its stunning scenery and outdoor recreational opportunities. Residents of Damascus benefit from affordable housing costs; the average two bedroom rent is $820, which is significantly lower than the national average of $1,430. Grocery costs are also relatively low compared to the national index; at the time of writing, the grocery cost index in Damascus was 94 versus 100 in the US. Living in Damascus provides citizens with access to local amenities such as JN Hunting & Gun Shop, Woodland Meadows Farm Supply Inc., and Ruby's Cafe & Catering. These businesses are just some examples of what makes Damascus a great place to live!
Damascus has an unemployment rate of 6.1%. The US average is 6.0%.
Damascus has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 10.7%, which is lower than the US average of 33.5%.
Tax Rates for Damascus
- The Sales Tax Rate for Damascus is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Damascus 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 Damascus
- The average income of a Damascus resident is $23,119 a year. The US average is $28,555 a year.
- The Median household income of a Damascus resident is $44,583 a year. The US average is $69,021 a year.