Waldo, AR is small town nestled in the Ozark Mountains with a population of just over 1,000 people. It has a thriving business community and is home to the Waldo Lumber Company, which provides timber products to the entire region, as well as a number of shops and restaurants offering local specialties. The cost of living in Waldo is significantly lower than the US average; 2 bedroom apartments rent for only $640 per month compared to the national average of $1,430 while grocery costs are 89 on an index of 100 nationwide. Waldo offers plenty of opportunity and amenities at an affordable price.
Waldo has an unemployment rate of 6.2%. The US average is 6.0%.
Waldo has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for Waldo
- The Sales Tax Rate for Waldo is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Waldo 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 Waldo
- The average income of a Waldo resident is $19,788 a year. The US average is $37,638 a year.
- The Median household income of a Waldo resident is $29,954 a year. The US average is $69,021 a year.