Hector, AR is a small rural town located in Pope County about 60 miles northwest of Little Rock. The cost of rent for two bedrooms in Hector is much lower than the national average, at approximately $750 versus $1,430. Additionally, the Grocery Cost Index in Hector is 93 compared to 100 in the US. Some of the popular local companies include Hectors Electric Supply Co., Shannon's Office Supply, and Petri Poultry Farms. All three businesses are staples within Hector AR, providing quality products and services with a personal touch that cannot be found elsewhere. Despite its size, Hector offers plenty of amenities and resources that can compete with any larger city in the United States.
Hector has an unemployment rate of 4.5%. The US average is 6.0%.
Hector has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Hector
- The Sales Tax Rate for Hector is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Hector 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 Hector
- The average income of a Hector resident is $18,329 a year. The US average is $28,555 a year.
- The Median household income of a Hector resident is $50,417 a year. The US average is $69,021 a year.