Ratcliff, AR is a small town located in the Arkansas River Valley region of the state. The cost of living in Ratcliff is fairly low when compared to other towns across the United States. 2 Bedroom rent averages around $650, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index (Grocery CPI) in Ratcliff is 92 compared to 100 on the national level.
The town has a number of local companies and amenities that residents can take advantage of including Big Creek Inc., First Security Bank, and Ratcliff Veterinary Clinic. There are also plenty of outdoor activities such as hiking and biking trails nearby for nature lovers to explore. All in all, Ratcliff provides its residents with an affordable lifestyle without sacrificing access to some great local businesses and attractions.
Ratcliff has an unemployment rate of 4.9%. The US average is 6.0%.
Ratcliff has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Ratcliff
- The Sales Tax Rate for Ratcliff is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Ratcliff 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 Ratcliff
- The average income of a Ratcliff resident is $22,195 a year. The US average is $28,555 a year.
- The Median household income of a Ratcliff resident is $43,056 a year. The US average is $69,021 a year.