Wilmot, AR is a small town known for its affordability and friendly atmosphere. Rent for a two-bedroom apartment in Wilmot is $560 compared to the average of $1,430 across the US, representing a savings of over 60%. Similarly, the grocery cost index in Wilmot is 87 versus 100 for the US as a whole, resulting in an additional savings of 13%. These reduced costs combined with other amenities make Wilmot an ideal place to live. The town boasts several local businesses including Thompson's Auto Repair shop, Meyers Bakery and Smith Family Groceries. With such affordable prices and excellent services, it's no wonder why Wilmot has become such an attractive destination for people looking for a good quality of life.
Wilmot has an unemployment rate of 8.4%. The US average is 6.0%.
Wilmot has seen the job market decrease by -10.6% over the last year. Future job growth over the next ten years is predicted to be 15.3%, which is lower than the US average of 33.5%.
Tax Rates for Wilmot
- The Sales Tax Rate for Wilmot is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Wilmot 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 Wilmot
- The average income of a Wilmot resident is $19,899 a year. The US average is $37,638 a year.
- The Median household income of a Wilmot resident is $0 a year. The US average is $69,021 a year.