Jasper, AR is a small town located in the northwest region of Arkansas. It has a population of about 1,680 people as of 2019, according to the U.S. Census Bureau. rent for two-bedroom apartments is relatively low compared to the US standard, with an average of $720 per month versus $1,430 nationally. Jasper residents benefit from a lower cost of living due to their Grocery Cost Index score being only 94 compared to 100 in the US overall.
The economy of Jasper consists primarily of small businesses and agriculture-related industries such as Winrock Farms, B&B Farms Inc., and Martens Trucking. There are many family-owned restaurants that serve traditional Southern cuisine like Martha's Kitchen, Country Kitchen Restaurant, and Reed's Catfish & BBQ Restaurant. For leisure activities there are natural attractions like the Buffalo National River and Ozark Mountains that provide scenic views for hiking and camping adventures as well as fishing opportunities on several nearby lakes.
Jasper has an unemployment rate of 3.7%. The US average is 6.0%.
Jasper has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Jasper
- The Sales Tax Rate for Jasper is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Jasper 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 Jasper
- The average income of a Jasper resident is $18,345 a year. The US average is $28,555 a year.
- The Median household income of a Jasper resident is $25,734 a year. The US average is $69,021 a year.