McAlmont, AR is a great place to call home. The cost of living is lower than the US average, with 2 bedroom rent at $910 per month compared to the US average of $1,430. Groceries are also considerably cheaper, as the grocery cost index in McAlmont is 91 versus 100 in the US. There are local businesses that make this city desirable such as McAlmont Auto Repair, McAlmont Grocery Store and King-Hendrix Dental Clinic. Additionally, there are many opportunities to visit parks, lakes and rivers for recreational activities. McAlmont is an ideal spot for anyone looking for a low cost of living with plenty of amenities nearby.
McAlmont has an unemployment rate of 5.7%. The US average is 6.0%.
McAlmont has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for McAlmont
- The Sales Tax Rate for McAlmont is 9.0%. The US average is 7.3%.
- The Income Tax Rate for McAlmont 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 McAlmont
- The average income of a McAlmont resident is $11,299 a year. The US average is $37,638 a year.
- The Median household income of a McAlmont resident is $27,679 a year. The US average is $69,021 a year.