Watson, AR is a small town located in the Southeast corner of the state. With a population of just under 2,000 people, the town offers an affordable living with 2 Bedroom Rent at $650 compared to the US average of $1,430. Furthermore, their Grocery Cost Index is 90 versus the US average of 100 making it even more affordable for residents. Watson has several local companies that provide goods and services such as Watson Farms Grocery Store which offers fresh produce and everyday supplies at great prices. Another local business is Watson's Food Mart which provides locals with freshly prepared meals, canned goods, and other food items at reasonable costs. Finally, there is Watson's Market which specializes in delivering quality groceries at an affordable price. All these businesses have a Grocery Cost Index that is much lower than the national average making living in Watson a great deal for its residents.
Watson has an unemployment rate of 6.4%. The US average is 6.0%.
Watson has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 24.1%, which is lower than the US average of 33.5%.
Tax Rates for Watson
- The Sales Tax Rate for Watson is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Watson 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 Watson
- The average income of a Watson resident is $22,560 a year. The US average is $28,555 a year.
- The Median household income of a Watson resident is $26,771 a year. The US average is $69,021 a year.