Hazen, AR is a small city with a population of approximately 2,500 people located in Arkansas County. The cost of living in Hazen is quite reasonable compared to many other cities in the United States. For example, the average rent for a 2 bedroom apartment is $940 whereas the national average is $1,430. Additionally, grocery costs are quite low in Hazen; the local Grocery Cost Index is 91 compared to 100 at the national level.
Hazen features several local businesses that give it its unique culture and charm. The most popular places include Matt's Family Restaurant, which serves up classic American fare including burgers and fries; Midway Grocery Store for all your grocery needs; Hazen Lumber Company for building supplies; and Grapeland Tire Center for automotive services. All these establishments contribute to making life comfortable and convenient for Hazen residents.
Overall, Hazen offers a great quality of life with an extremely affordable cost of living in comparison to most areas across the country. With numerous local businesses providing essential goods and services at reasonable rates, Hazen makes an ideal home for those looking for a relatively stress-free lifestyle on a budget.
Hazen has an unemployment rate of 4.7%. The US average is 6.0%.
Hazen has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.
Tax Rates for Hazen
- The Sales Tax Rate for Hazen is 11.0%. The US average is 7.3%.
- The Income Tax Rate for Hazen 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 Hazen
- The average income of a Hazen resident is $20,346 a year. The US average is $28,555 a year.
- The Median household income of a Hazen resident is $41,802 a year. The US average is $69,021 a year.