Twin Groves, AR is a small town located in Arkansas with a population of about 1,500 people. The cost of living is much lower than the US average, with rent for 2 bedroom apartments coming in at around $820 compared to the US average of $1,430. The Grocery Cost Index in Twin Groves is also low compared to the US, coming in at 94 versus 100 for the US. The town also offers plenty of amenities to its residents such as stores like Walmart Supercenter and Tractor Supply Company. Walmart Supercenter provides groceries and household goods as well as furniture and electronics while Tractor Supply Company specializes in home improvement items such as tools, lawn mowers, and outdoor power equipment. Other popular businesses include Jack's Family Restaurant which serves up home-style breakfast and lunch favorites and The Furniture Gallery which has an impressive selection of quality furniture pieces.
Twin Groves has an unemployment rate of 4.2%. The US average is 6.0%.
Twin Groves has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Twin Groves
- The Sales Tax Rate for Twin Groves is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Twin Groves 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 Twin Groves
- The average income of a Twin Groves resident is $16,346 a year. The US average is $28,555 a year.
- The Median household income of a Twin Groves resident is $33,707 a year. The US average is $69,021 a year.