Scranton, AR is a small town located in Arkansas with a population of just over 2,000 people. It's known for its affordable living costs - the average 2 bedroom rent is only $720 compared to the U.S. average of $1,430. The cost of groceries here is also much lower than the national average, with an index score of 94 compared to 100 in the U.S. This makes Scranton an attractive place for individuals and families who are looking to save money or enjoy a more relaxed life away from big cities and crowds.
There are several local companies that make Scranton a great place to live in and visit such as Greenville Technical Solutions, which provides software development services; Cottonwood Music Exchange, where you can buy guitars, keyboards, amplifiers and other musical instruments; Little Needle Enterprises which produces custom hand-crafted quilts; Ozark Mountain Poultry which provides chicken eggs and turkey products; and Circle C Ranch which offers horseback riding tours and other recreational activities. Other attractions include Lake Monticello for swimming and fishing, Central Park for hiking trails, golf courses for a round of golf, shopping centers for retail therapy needs, movie theatres for catching the latest film releases, restaurants offering delicious cuisine options, and many more!
Scranton has an unemployment rate of 4.9%. The US average is 6.0%.
Scranton 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 Scranton
- The Sales Tax Rate for Scranton is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Scranton 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 Scranton
- The average income of a Scranton resident is $22,134 a year. The US average is $28,555 a year.
- The Median household income of a Scranton resident is $56,875 a year. The US average is $69,021 a year.