Marvell, AR is a small town located in Arkansas County in the White River Delta region of the state. It has a population of around 2,000 people and is an ideal location for those who prefer small-town living close to larger metropolitan areas. The cost of living here is very reasonable when compared to other cities and towns in the US. The rent for two bedroom homes averages at $500 which is significantly cheaper than the US average of $1,430. Additionally, the Grocery Cost Index for Marvell is 90 versus 100 in the US, further demonstrating how affordable it is to live here. \nLocal companies that call Marvell home include D&H Fabrication & Machine Shop, Danny's Custom Cabinets, Pro-Service Refrigeration & Heating, and Arkansas Delta Cleaners & Laundry Services. These businesses contribute to Marvell’s economy while also providing quality services to its residents. All these factors combined make Marvell an attractive place to live thanks to its cost of living and abundance of local business opportunities.
Marvell has an unemployment rate of 8.4%. The US average is 6.0%.
Marvell has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 8.7%, which is lower than the US average of 33.5%.
Tax Rates for Marvell
- The Sales Tax Rate for Marvell is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Marvell 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 Marvell
- The average income of a Marvell resident is $23,407 a year. The US average is $37,638 a year.
- The Median household income of a Marvell resident is $41,250 a year. The US average is $69,021 a year.