Smithville, AR is a small town located in Central Arkansas. It is known for its friendly atmosphere and laid-back lifestyle. Rent in Smithville is much more affordable than the national average with two bedroom apartments going for an average of $650 per month. Grocery costs are also lower than the nation as a whole, with an index of 91 compared to 100 for the US.
Local businesses in Smithville include Smithville Cafe, which has been around since 1954 and serves traditional Southern comfort food; White’s Department Store, a family-run store that has been operating since 1925 and sells everything from clothing to hardware supplies; and Smithville Gun Shop, which has been in business since 1994 and offers a wide selection of firearms and ammunition.
Smithville has an unemployment rate of 5.0%. The US average is 6.0%.
Smithville has seen the job market decrease by -2.9% 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 Smithville
- The Sales Tax Rate for Smithville is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Smithville 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 Smithville
- The average income of a Smithville resident is $24,303 a year. The US average is $37,638 a year.
- The Median household income of a Smithville resident is $58,750 a year. The US average is $69,021 a year.