DeWitt, AR is a small city located in Arkansas County. It's home to several businesses, such as DeWitt Drug Company, which sells pharmaceuticals; McGehee Lumber Company, which supplies construction materials; and First National Bank, offering banking services. The cost of living in DeWitt is below average when compared to the rest of the country. For example, the rental cost of a two-bedroom apartment is $770 compared to the national rate of $1,430. Additionally, the grocery cost index is 91 versus 100 in the US. This lower-than-average cost of living may be beneficial for local families who are looking to save money on basic necessities.
DeWitt has an unemployment rate of 4.0%. The US average is 6.0%.
DeWitt has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 14.1%, which is lower than the US average of 33.5%.
Tax Rates for DeWitt
- The Sales Tax Rate for DeWitt is 9.5%. The US average is 7.3%.
- The Income Tax Rate for DeWitt 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 DeWitt
- The average income of a DeWitt resident is $21,370 a year. The US average is $37,638 a year.
- The Median household income of a DeWitt resident is $39,063 a year. The US average is $69,021 a year.