Springtown, AR is a small town with an affordable cost of living compared to the US on average. It is known for its low 2 bedroom rent at $930 per month and low grocery cost index of 97 versus 100 in the US. The town has a few local businesses such as John's Autoparts, Springtown Pharmacy, and Burger Palace. These companies help to make up the small-town feel which makes it a desirable location. All in all, Springtown offers a comfortable lifestyle for those who are looking for a quiet place to live without breaking the bank.
Springtown has an unemployment rate of 3.4%. The US average is 6.0%.
Springtown has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 46.9%, which is higher than the US average of 33.5%.
Tax Rates for Springtown
- The Sales Tax Rate for Springtown is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Springtown 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 Springtown
- The average income of a Springtown resident is $17,304 a year. The US average is $28,555 a year.
- The Median household income of a Springtown resident is $80,938 a year. The US average is $69,021 a year.