Goshen, AR Economy


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Goshen, AR is a small town in the Ozark Mountains that offers an affordable cost of living for those looking for a quieter lifestyle. Located close to Eureka Springs and Fayetteville, Goshen provides easy access to nearby attractions. The 2 bedroom rent in Goshen is significantly lower than the US average at $890 compared to $1,430. The Grocery Cost Index in Goshen is also on par with national averages at 100. Popular local companies include Ozark Mountain Poultry Inc., Arkansas Valley Electric Cooperative Corp., and Mid-America Science Museum. All these factors make Goshen an attractive option for those looking for a quieter lifestyle while still being close to nearby cities.

Goshen has an unemployment rate of 3.5%. The US average is 6.0%.

Goshen has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.

Tax Rates for Goshen
- The Sales Tax Rate for Goshen is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Goshen 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 Goshen
- The average income of a Goshen resident is $42,112 a year. The US average is $28,555 a year.
- The Median household income of a Goshen resident is $141,563 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGoshen, ArkansasUnited States
  3.56
  -1.3%-6.2%
  42.2%33.5%
  7.8%6.2%
  6.9%4.6%
  $58,976$37,638
  $141,563$69,021
  $158,833$85,028
  Population by Occupation
  1.0%1.2%
  0.4%0.5%
  7.6%6.8%
  11.1%10.0%
  7.0%2.5%
  12.2%11.0%
  4.1%4.8%
  0.8%0.8%
  0.4%1.9%
  3.8%4.7%
  1.4%1.9%
  7.0%7.6%
  0.6%0.1%
  0.8%4.2%
  14.1%9.3%
  14.8%14.0%
  0.7%2.1%
  3.6%7.0%
  6.7%4.8%
  1.9%4.7%
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