Walnut Ridge, AR is a small town located in Lawrence County. It is known for its vibrant downtown district which features an array of local businesses. The cost of living in Walnut Ridge is much lower than the US average and this is reflected in the housing and grocery expenses. Specifically, 2 Bedroom Rent in Walnut Ridge, AR is $810 compared to the national average of $1,430; likewise, the Grocery Cost Index in Walnut Ridge is 93 versus 100 in the United States. Local companies such as True Value Hardware, Ingram Clothing Company, and D & A Tire Center provide excellent services at competitive rates compared to those found across the country.
Walnut Ridge has an unemployment rate of 5.0%. The US average is 6.0%.
Walnut Ridge has seen the job market decrease by -1.4% 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 Walnut Ridge
- The Sales Tax Rate for Walnut Ridge is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Walnut Ridge 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 Walnut Ridge
- The average income of a Walnut Ridge resident is $18,718 a year. The US average is $28,555 a year.
- The Median household income of a Walnut Ridge resident is $39,784 a year. The US average is $69,021 a year.