Lepanto, AR is an affordable and peaceful town located in Northeast Arkansas. It has a small population and offers its residents the convenience of nearby stores and restaurants. The average rent for a two-bedroom apartment is $710, which is significantly lower than the national average of $1,430. Additionally, Lepanto's Grocery Cost Index of 91 means that groceries cost about 9% less than the US average.
Living in Lepanto provides many advantages. The local economy consists of companies such as First Community Bank, Lepanto Limestone Co., and Jonesboro Flooring Company Ltd., all of which offer employment opportunities to the community. Furthermore, Lepanto is close to several recreational areas like Craighead Forest Park and Charles W. Davis Memorial Wildlife Management Area where locals can enjoy outdoor activities. Additionally, with its friendly neighbors and low crime rate, Lepanto remains a safe place for families to live in peace.
Lepanto has an unemployment rate of 4.7%. The US average is 6.0%.
Lepanto has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Lepanto
- The Sales Tax Rate for Lepanto is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Lepanto 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 Lepanto
- The average income of a Lepanto resident is $19,954 a year. The US average is $37,638 a year.
- The Median household income of a Lepanto resident is $38,913 a year. The US average is $69,021 a year.