Omaha, AR is a great place to live with its affordable housing costs and cost of living. 2 bedroom rent in Omaha, AR averages $700, making it much lower than the US average of $1,430. The Grocery Cost Index in Omaha is 96 compared to 100 in the US indicating lower-priced groceries. Omaha's low cost of living makes it attractive for many people looking to relocate or start a business. Local companies include Arkansas Plant Food Inc., Big Nasty ATV Park, and Malvern National Bank. Since 1987, Arkansas Plant Food has been providing crop nutrition services in the area while Big Nasty ATV Park offers scenic trails on over 400 acres of land. Established in 1921, Malvern National Bank continues to provide banking services to local customers and businesses.
Omaha has an unemployment rate of 3.8%. The US average is 6.0%.
Omaha has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Omaha
- The Sales Tax Rate for Omaha is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Omaha 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 Omaha
- The average income of a Omaha resident is $13,767 a year. The US average is $28,555 a year.
- The Median household income of a Omaha resident is $27,917 a year. The US average is $69,021 a year.