McRae, AR is a small city located in Arkansas with a population of just over 3,000 people. It is known for its affordability and low cost of living. The average rent for a two bedroom apartment in McRae is $720 per month which is significantly lower than the national average of $1,430 per month. The grocery cost index in McRae is also 92 compared to the national average of 100 which makes it more affordable to buy food here than other cities across the United States. Local businesses in McRae include companies like Jody's Drive Thru, Mike’s Hardware Store, and M-and-M Food Mart. With these local businesses combined with its low cost of living, McRae AR offers an appealing place to live to those looking for an affordable option.
McRae has an unemployment rate of 4.9%. The US average is 6.0%.
McRae has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 21.3%, which is lower than the US average of 33.5%.
Tax Rates for McRae
- The Sales Tax Rate for McRae is 8.3%. The US average is 7.3%.
- The Income Tax Rate for McRae 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 McRae
- The average income of a McRae resident is $15,310 a year. The US average is $28,555 a year.
- The Median household income of a McRae resident is $28,500 a year. The US average is $69,021 a year.