McNab, AR is a small rural town located in northeast Arkansas, with a population of just over 500 people. The cost of living in McNab, AR is much lower than the nationwide average. For example, the 2 bedroom rental rate in McNab is approximately $600 per month, while the national average is around $1,430 per month. Additionally, grocery costs are also significantly lower in McNab compared to the rest of the country; the grocery cost index in McNab is 87 versus 100 in the US.
McNab has a number of local businesses that offer services to residents including General Feed & Seed, Peoples Electric Co-op Inc., and Johnson's Hardware & Supply. These companies help provide essential goods and services while keeping prices low for local shoppers.
Overall, McNab provides an affordable place to live with great local businesses that help keep costs low for locals.
McNab has an unemployment rate of 4.0%. The US average is 6.0%.
McNab has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for McNab
- The Sales Tax Rate for McNab is 9.5%. The US average is 7.3%.
- The Income Tax Rate for McNab 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 McNab
- The average income of a McNab resident is $16,900 a year. The US average is $37,638 a year.
- The Median household income of a McNab resident is $0 a year. The US average is $69,021 a year.