Oak Grove, AR is a small city located in western Arkansas, providing an idyllic atmosphere for its citizens. The cost of living is quite affordable with the average 2 bedroom rent clocking in at $730 and a grocery cost index of 93 versus 100 in the US. Local companies such as Suddenlink Communications, Walmart Supercenter, and Oak Grove Mini Storage contribute to the economy of Oak Grove by providing telecommunication services, retail services, and storage solutions. Furthermore, there are numerous restaurants which provide residents with a variety of dining options. Overall, Oak Grove offers an inviting environment with ample amenities and job opportunities for its citizens.
Oak Grove (Carroll County) has an unemployment rate of 4.6%. The US average is 6.0%.
Oak Grove (Carroll County) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Oak Grove (Carroll County)
- The Sales Tax Rate for Oak Grove (Carroll County) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Oak Grove (Carroll 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 Oak Grove (Carroll County)
- The average income of a Oak Grove (Carroll County) resident is $22,916 a year. The US average is $37,638 a year.
- The Median household income of a Oak Grove (Carroll County) resident is $52,321 a year. The US average is $69,021 a year.