Ward, AR is a small town located in the central part of Arkansas. It has a population of 2,959 and is known for its friendly atmosphere and strong sense of community. The median rent for a two-bedroom home in Ward is $930 per month, significantly lower than the national average of $1,430. Additionally, the grocery cost index in Ward is 95 compared to 100 nationally, making groceries relatively affordable. The local economy is supported by businesses such as Woodruff County Bank, Trikeenan Tileworks Factory Outlet Store and Weyerhaeuser Company. As with most cities in Arkansas there are no state income taxes and low sales taxes which make it attractive financially for those looking to move to the area.
Ward has an unemployment rate of 4.0%. The US average is 6.0%.
Ward has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Ward
- The Sales Tax Rate for Ward is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Ward 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 Ward
- The average income of a Ward resident is $23,495 a year. The US average is $37,638 a year.
- The Median household income of a Ward resident is $62,231 a year. The US average is $69,021 a year.