Valley Springs, AR is an affordable place to live for many individuals. With a 2 bedroom rent of only $720, it is significantly lower than the US average of $1,430. The local grocery cost index is also considerably lower at 94 compared to the US average of 100. Located close to Lake Ouachita and national forests, Valley Springs is a great place for outdoor activities such as camping, fishing, hunting, and hiking. Additionally, Valley Springs has shopping centers and restaurants like Walmart Supercenter and Papa John's Pizza that offer great services to locals. The town also has several public schools including Valley Springs Elementary School and Valley Springs High School that provide students with a quality education. As a whole, Valley Springs provides its residents with plenty of recreational opportunities along with access to basic amenities.
Valley Springs has an unemployment rate of 3.8%. The US average is 6.0%.
Valley Springs has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Valley Springs
- The Sales Tax Rate for Valley Springs is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Valley Springs 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 Valley Springs
- The average income of a Valley Springs resident is $18,221 a year. The US average is $28,555 a year.
- The Median household income of a Valley Springs resident is $61,083 a year. The US average is $69,021 a year.