Magazine, AR is a small town located in central Arkansas with a population of fewer than 500 people. Despite its size, Magazine has plenty to offer residents. The town is home to several local businesses such as The Local Bean Coffee House, Pappy's Pizza and Country Market Grocery Store. This family-friendly town also offers great schools and parks for residents to enjoy.
The cost of living in Magazine, AR is much lower than other parts of the nation as indicated by the 2 Bedroom Rent and the Grocery Cost Index. 2 Bedroom Rent in Magazine is $650 while it’s $1,430 in other parts of the US. Similarly, the Grocery Cost Index in Magazine is 92 versus 100 in the US. This makes Magazine an attractive place for those looking for an affordable place to call home.
Magazine has an unemployment rate of 4.9%. The US average is 6.0%.
Magazine 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 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Magazine
- The Sales Tax Rate for Magazine is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Magazine 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 Magazine
- The average income of a Magazine resident is $18,718 a year. The US average is $37,638 a year.
- The Median household income of a Magazine resident is $39,265 a year. The US average is $69,021 a year.