Lincoln, AR is a growing community located in central Arkansas. The overall cost of living is reasonable and rent for a two bedroom apartment averages $860 per month, which is significantly lower than the US average of $1,430. Additionally, grocery prices are also generally lower in Lincoln with a grocery cost index of 95 versus 100 in the US. This makes it an attractive option for people looking to move to the area. Some popular local businesses include: Nunnally's Auto Repair & Towing, Wildcat Cliffs Country Club and Jason's Home Maintenance Services. There is something for everyone in Lincoln and it continues to be one of the most desirable places to live in Arkansas.
Lincoln has an unemployment rate of 3.5%. The US average is 6.0%.
Lincoln has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Lincoln
- The Sales Tax Rate for Lincoln is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Lincoln 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 Lincoln
- The average income of a Lincoln resident is $15,223 a year. The US average is $28,555 a year.
- The Median household income of a Lincoln resident is $43,777 a year. The US average is $69,021 a year.