Sedgwick, AR is a small town located in Arkansas with a population of 1,085 people according to the 2019 U.S. Census Bureau. This small city is known for its friendly citizens and has several local businesses such as The Pinnacle Grocery Store, Sedgwick Motors, and KB Cleaners. When it comes to living expenses, rent for a 2 bedroom apartment averages $810 per month which is significantly less than the national average of $1,430 per month. Moreover, the grocery cost index in Sedgwick is 93 compared to 100 in the US overall. All these factors make Sedgwick an attractive place for potential residents looking for affordable housing options.
Sedgwick has an unemployment rate of 5.0%. The US average is 6.0%.
Sedgwick has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Sedgwick
- The Sales Tax Rate for Sedgwick is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Sedgwick 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 Sedgwick
- The average income of a Sedgwick resident is $17,723 a year. The US average is $28,555 a year.
- The Median household income of a Sedgwick resident is $39,375 a year. The US average is $69,021 a year.