Strawberry, Arkansas is a small town with a population of just over 600 people. Despite its size, the town boasts a thriving economy with various businesses that contribute to its growth. Local companies such as Yedra Farms, Lozano Auto Sales, and F & F Home Solutions all play an important role in providing economic stability for this small community.
When it comes to cost of living, Strawberry has some notable differences from national averages. On average, rent for two bedroom properties costs around $710 per month; far lower than the US average of $1,430. Furthermore, the Grocery Cost Index in Strawberry is 92 compared to 100 nationally. This indicates that grocery items are more affordable here than they are elsewhere. Overall these variations make Strawberry an attractive destination for those looking for a more economical lifestyle.
Strawberry has an unemployment rate of 5.0%. The US average is 6.0%.
Strawberry 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 Strawberry
- The Sales Tax Rate for Strawberry is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Strawberry 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 Strawberry
- The average income of a Strawberry resident is $20,303 a year. The US average is $37,638 a year.
- The Median household income of a Strawberry resident is $36,146 a year. The US average is $69,021 a year.