\nPrairie Grove, AR is a small town that offers its residents a unique rural lifestyle. Located in the northwest corner of Arkansas bounded by the Ozark Mountains, Prairie Grove is known for its rolling hills and natural beauty. Despite its size, this small town offers plenty of amenities and services, including local businesses such as State Bank of Prairie Grove and Prairie Grove Hardware Store. The cost of living in Prairie Grove is relatively low compared to other parts of the US; according to current statistics, rent for a two bedroom apartment averages at $880 per month, while the US average is $1,430. Additionally, grocery cost index in Prairie Grove is 97 versus 100 in the US. All these factors make Prairie Grove an attractive option for those looking to live a more affordable lifestyle while enjoying all the benefits of rural living.
Prairie Grove has an unemployment rate of 3.5%. The US average is 6.0%.
Prairie Grove has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Prairie Grove
- The Sales Tax Rate for Prairie Grove is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Prairie Grove 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 Prairie Grove
- The average income of a Prairie Grove resident is $24,662 a year. The US average is $28,555 a year.
- The Median household income of a Prairie Grove resident is $50,625 a year. The US average is $69,021 a year.