Nashville, AR is a city with a rich history and culture. With its moderate climate and low cost of living, it's no wonder why many people choose to settle here. The average two bedroom rent in Nashville, AR is just $800 compared to the US average of $1,430. Grocery costs are also relatively low; the cost index for Nashville is 90 compared to 100 in the US. Local businesses such as Murphy USA, Tyson Foods, Simmons Bank, and Arkansas State University-Beebe make up a large part of the economy. For those looking for a place to live with lower costs and plenty of opportunities for work and quality of life, Nashville has something for everyone.
Nashville has an unemployment rate of 3.7%. The US average is 6.0%.
Nashville has seen the job market decrease by -4.5% 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 Nashville
- The Sales Tax Rate for Nashville is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Nashville 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 Nashville
- The average income of a Nashville resident is $20,509 a year. The US average is $37,638 a year.
- The Median household income of a Nashville resident is $34,211 a year. The US average is $69,021 a year.