Gateway, AR is a small town located in the middle of the state. It has a population of around 1,000 people and offers an affordable cost of living. Rent for a two bedroom apartment in Gateway is $860 compared to the national average of $1,430. Additionally, grocery costs remain relatively low with an index score of 100 versus 100 in the US. Local companies include Gateway Restaurant, Lena's Place Boutique and Flowers by Martha. Overall, Gateway provides its citizens with lower costs than the national average making it an attractive option for those wishing to budget their expenses efficiently while still enjoying all the amenities associated with small-town living.
Gateway has an unemployment rate of 3.4%. The US average is 6.0%.
Gateway has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 46.9%, which is higher than the US average of 33.5%.
Tax Rates for Gateway
- The Sales Tax Rate for Gateway is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Gateway 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 Gateway
- The average income of a Gateway resident is $29,627 a year. The US average is $37,638 a year.
- The Median household income of a Gateway resident is $37,396 a year. The US average is $69,021 a year.