Economy in Sparkman, Arkansas

Sparkman, AR is a small town located in the southern part of Arkansas. It is known for its affordable rental prices and price index on groceries. For instance, a 2 bedroom rent in Sparkman costs only $650 compared to the average US 2 bedroom rent which is $1,430. The grocery cost index in Sparkman is 91 versus 100 in the US, making it an ideal location for budget-savvy shoppers. The local companies around Sparkman are Tractor Supply Company, Advance Auto Parts, and Sonic Drive-In.
Sparkman offers many advantages from the affordability of its rental prices to the lower cost of groceries. Its proximity to larger cities allows easy access to more commercial establishments such as stores and restaurants while still maintaining a rural feel and emphasizing its close community ties.

Sparkman has an unemployment rate of 4.3%. The US average is 6.0%.

Sparkman has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.

Tax Rates for Sparkman
- The Sales Tax Rate for Sparkman is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Sparkman 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 Sparkman
- The average income of a Sparkman resident is $16,301 a year. The US average is $28,555 a year.
- The Median household income of a Sparkman resident is $29,750 a year. The US average is $53,482 a year.