Mena, AR is an excellent location to live, either for families or individuals looking for a low-cost option. The average 2-bedroom rent of $790 per month is significantly less than the US average of $1,430. Similarly, grocery costs are also very affordable compared to the national average at 93 versus 100. In addition to being an affordable place to live, Mena has several local businesses that provide a variety of services and products. Examples include Mena Auto Parts, Beds & More Furniture store, and The Frog Stop restaurant. These businesses help give Mena its unique charm and provide locals with the goods and services they need on a daily basis.
Mena has an unemployment rate of 5.4%. The US average is 6.0%.
Mena has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 18.8%, which is lower than the US average of 33.5%.
Tax Rates for Mena
- The Sales Tax Rate for Mena is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Mena 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 Mena
- The average income of a Mena resident is $21,849 a year. The US average is $28,555 a year.
- The Median household income of a Mena resident is $43,750 a year. The US average is $69,021 a year.