Forrest City, Arkansas is a great place for anyone looking to settle down. The rent for two bedroom apartments is affordable at $660, much lower than the national average of $1,430. Grocery costs are also low at 92 versus 100 in the US. The city offers its residents access to plenty of activities such as parks and recreational areas as well as many local businesses such as Big John’s Barbeque and Grill, McDonalds and Burger King. There are also shopping centers like Forrest City Shopping Center and numerous banks like First Security Bank & Trust that provide services to the local community. Furthermore, because it is located close to the metropolitan area of Memphis, Tennessee, it provides an ideal place for anyone looking to work or attend school in this larger city while still being able to live near their family or friends in Forrest City.
Forrest City has an unemployment rate of 7.3%. The US average is 6.0%.
Forrest City has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 10.1%, which is lower than the US average of 33.5%.
Tax Rates for Forrest City
- The Sales Tax Rate for Forrest City is 10.9%. The US average is 7.3%.
- The Income Tax Rate for Forrest City 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 Forrest City
- The average income of a Forrest City resident is $14,346 a year. The US average is $28,555 a year.
- The Median household income of a Forrest City resident is $33,229 a year. The US average is $69,021 a year.