Mineral Springs, Arkansas is a small town located in Howard County. The town is known for its scenic views and friendly people. The cost of living in Mineral Springs is quite low compared to other parts of the country, with two bedroom rentals averaging $640. Grocery costs are also lower, as the cost index is 90 versus 100 for the U.S. This makes it particularly attractive to retirees looking for an affordable place to live. Some popular local businesses include Howell's Hardware & Supply, Jim's Automotive Service, and King Grocery Store. All these businesses make Mineral Springs a great place to stay when looking for a more economical lifestyle.
Mineral Springs has an unemployment rate of 3.7%. The US average is 6.0%.
Mineral Springs has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Mineral Springs
- The Sales Tax Rate for Mineral Springs is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Mineral Springs 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 Mineral Springs
- The average income of a Mineral Springs resident is $20,480 a year. The US average is $28,555 a year.
- The Median household income of a Mineral Springs resident is $34,813 a year. The US average is $69,021 a year.