Horseshoe Lake, AR is a small town with a population of around 700 people. The cost of living is quite low compared to the rest of the United States with 2 bedroom rent costing only $770 compared to the US average of $1,430. Grocery costs are also lower in Horseshoe Lake - with an index of 96 versus 100 in the US, which can be beneficial for those on a budget. Local companies providing services in Horseshoe Lake include G&M Automotive Services, Smith’s Plumbing and Electrical Contractors, and Key Real Estate Services. Overall, living in Horseshoe Lake offers an affordable lifestyle and plenty of local businesses that can provide all the necessary services for day to day living needs.
Horseshoe Lake has an unemployment rate of 5.8%. The US average is 6.0%.
Horseshoe Lake has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Horseshoe Lake
- The Sales Tax Rate for Horseshoe Lake is 10.8%. The US average is 7.3%.
- The Income Tax Rate for Horseshoe Lake 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 Horseshoe Lake
- The average income of a Horseshoe Lake resident is $19,643 a year. The US average is $28,555 a year.
- The Median household income of a Horseshoe Lake resident is $41,827 a year. The US average is $69,021 a year.