Hatfield, AR Economy


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United States / Arkansas / No Metro Area / Polk County / Hatfield / Zip Codes
Hatfield, AR is a small town located in the south-central region of the US. It is known for its low cost of living and has an estimated population of less than 1000 people. The average two bedroom rent in Hatfield is only $760 which is much lower than the US average of $1430. Similarly, the Grocery Cost Index in Hatfield is 94 as compared to 100 in the US. This makes it a great place to live for those who are looking for a more affordable lifestyle. In addition to that, Hatfield offers a variety of amenities and services to residents such as healthcare centers, schools, and a few locally owned businesses like Hatfield Grocery Store and Hatfield Auto Repair Shop. All these factors make living in Hatfield very attractive due to its low cost of living and friendly atmosphere.

Hatfield has an unemployment rate of 5.4%. The US average is 6.0%.

Hatfield has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 18.8%, which is lower than the US average of 33.5%.

Tax Rates for Hatfield
- The Sales Tax Rate for Hatfield is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Hatfield 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 Hatfield
- The average income of a Hatfield resident is $12,419 a year. The US average is $28,555 a year.
- The Median household income of a Hatfield resident is $33,339 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHatfield, ArkansasUnited States
  5.46
  -3.3%-6.2%
  18.8%33.5%
  8.5%6.2%
  6.9%4.6%
  $18,273$37,638
  $33,339$69,021
  $33,887$85,028
  Population by Occupation
  0.4%1.2%
  0.8%0.5%
  4.0%6.8%
  13.9%10.0%
  0.0%2.5%
  12.4%11.0%
  4.4%4.8%
  0.0%0.8%
  1.2%1.9%
  0.8%4.7%
  1.6%1.9%
  0.0%7.6%
  0.0%0.1%
  8.4%4.2%
  0.8%9.3%
  10.4%14.0%
  0.0%2.1%
  32.7%7.0%
  5.2%4.8%
  3.2%4.7%
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