Minturn, AR Economy


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United States / Arkansas / No Metro Area / Lawrence County / Minturn / Zip Codes
Minturn, AR is an affordable city to consider for those looking for a place to live. The two bedroom rent in the area is around $720 per month which is significantly lower than the US average of $1,430 per month. The grocery cost index in Minturn is also lower than the US average at 91 versus 100. Not only does this make Minturn an attractive location due to its affordability but there are also numerous companies and attractions located in and around the city.
Some popular companies located near Minturn include Ingram Construction, J & R Heating and Air Conditioning, Burger King, Walmart Supercenter, and Crossfit Tundra. These businesses help create jobs and a thriving economy in the area. In addition to these great companies, there are plenty of interesting places to visit in the city such as Gillett Park which offers outdoor activities like fishing and hiking. Minturn also has a golf course that features beautiful views of nearby mountains as well as Berryville Zoo where visitors can get up close with many different types of animals from all over the world.

Minturn has an unemployment rate of 5.0%. The US average is 6.0%.

Minturn has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.

Tax Rates for Minturn
- The Sales Tax Rate for Minturn is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Minturn 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 Minturn
- The average income of a Minturn resident is $11,501 a year. The US average is $28,555 a year.
- The Median household income of a Minturn resident is $61,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMinturn, ArkansasUnited States
  56
  -2.9%-6.2%
  22.2%33.5%
  9.0%6.2%
  6.9%4.6%
  $26,415$37,638
  $61,250$69,021
  $61,250$85,028
  Population by Occupation
  22.2%1.2%
  0.0%0.5%
  11.1%6.8%
  11.1%10.0%
  0.0%2.5%
  5.6%11.0%
  5.6%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  16.7%9.3%
  16.7%14.0%
  0.0%2.1%
  11.1%7.0%
  0.0%4.8%
  0.0%4.7%
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