Midway, AR is a small town with an estimated population of around 500 people. It offers an affordable cost of living compared to other parts of the country with a median two bedroom rent at $790 compared to the US median which is $1,430. The Grocery Cost Index is also lower in Midway than the US average with 93 versus 100 respectively. There are a few local companies that operate in Midway such as Watson's Plumbing & Heating Inc., Midway Auto Sales, and Kieffer Farms LLC. With low rent and grocery costs, Midway makes a great location for individuals and families looking for an affordable place to live.
Midway CDP (Baxter County) has an unemployment rate of 4.4%. The US average is 6.0%.
Midway CDP (Baxter County) has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 29.1%, which is lower than the US average of 33.5%.
Tax Rates for Midway CDP (Baxter County)
- The Sales Tax Rate for Midway CDP (Baxter County) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Midway CDP (Baxter County) 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 Midway CDP (Baxter County)
- The average income of a Midway CDP (Baxter County) resident is $21,922 a year. The US average is $37,638 a year.
- The Median household income of a Midway CDP (Baxter County) resident is $41,250 a year. The US average is $69,021 a year.