Mulberry, AR is a small town located in western Arkansas. With a population of 4,566 people, Mulberry is a great place to live for those looking for a quiet and peaceful town. The cost of living in Mulberry is significantly lower than the national average with rent for 2 bedrooms being just $770 compared to the US average of $1,430. Furthermore, grocery costs are also lower with an index score of 92 versus 100 in the US. This significantly reduces the daily expenses and leaves more money in the pockets of local residents.
As far as businesses go, there are plenty to choose from in Mulberry such as Pickles Gap Country Store, A&M Supply Co Inc., Indian Trail Grocery Store & Grill, Brad's Beef Jerky and more. All of these businesses add to the local economy by providing goods and services for residents and visitors alike.
The low cost of living in Mulberry has many benefits both economically and socially. It allows people to save more money which can be used towards investments or other expenses they may have otherwise been unable to afford if living elsewhere. Residents also get to enjoy all that this quaint town has to offer without spending too much money on everyday expenses like rent or groceries.
Mulberry has an unemployment rate of 4.3%. The US average is 6.0%.
Mulberry has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Mulberry
- The Sales Tax Rate for Mulberry is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Mulberry 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 Mulberry
- The average income of a Mulberry resident is $17,267 a year. The US average is $28,555 a year.
- The Median household income of a Mulberry resident is $38,661 a year. The US average is $69,021 a year.