Ravenden Springs, Arkansas is a small town that offers its residents the benefits of living in a rural environment. The 2 bedroom rent in Ravenden Springs is $720 compared to the national average of $1,430, making it an affordable place to live for individuals and families. Additionally, Ravenden Springs has a relatively low Grocery Cost Index of 91 compared to the US average of 100. This makes groceries and other necessities more affordable for local households. \nThe town is home to numerous businesses such as Ray’s Grocery Store, Deli Express Cafe, White Oak Lodge Motel & Apartments, Hillside Drive-In Theater and Johnny’s Auto Service. All these companies contribute to the economic well-being of Ravenden Springs and give residents access to quality products and services.
Ravenden Springs has an unemployment rate of 4.7%. The US average is 6.0%.
Ravenden Springs has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 58.2%, which is higher than the US average of 33.5%.
Tax Rates for Ravenden Springs
- The Sales Tax Rate for Ravenden Springs is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Ravenden Springs 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 Ravenden Springs
- The average income of a Ravenden Springs resident is $18,117 a year. The US average is $37,638 a year.
- The Median household income of a Ravenden Springs resident is $38,750 a year. The US average is $69,021 a year.