Patmos, AR is a small town with a population of around 3,000 people. The cost of living in Patmos is noticeably lower than the national average as reflected by the low 2 bedroom rent of $680 and the low Grocery Cost Index of 90 compared to 100 in the US. Local companies that operate within Patmos include A1 Auto Parts, S&S Petroleum, Patmos Hardware & Supply Co., and Jones Radiator Service & Repair. Patmos also has its own school district and is home to several churches. As an outlying rural area close to larger cities such as Little Rock and Memphis, Patmos offers residents plenty of nearby amenities while still keeping that small-town feel.
Patmos has an unemployment rate of 4.0%. The US average is 6.0%.
Patmos has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Patmos
- The Sales Tax Rate for Patmos is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Patmos 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 Patmos
- The average income of a Patmos resident is $14,517 a year. The US average is $28,555 a year.
- The Median household income of a Patmos resident is $33,125 a year. The US average is $69,021 a year.