Winchester, AR is an attractive place to live for those looking for a lower cost of living than the national average. Rent for a two-bedroom unit is $810, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Winchester is also 91 as opposed to 100 in the US. This small city has several local companies and amenities including Big John’s Market, Ravenwood BBQ Pit & Grill, and Winchester Public Library. Additionally, the area offers plenty of outdoor activities such as fishing and camping at Devil’s Backbone State Park. With its low cost of living and abundance of activities, Winchester is a great place to call home.
Winchester has an unemployment rate of 5.8%. The US average is 6.0%.
Winchester has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Winchester
- The Sales Tax Rate for Winchester is 10.4%. The US average is 7.3%.
- The Income Tax Rate for Winchester 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 Winchester
- The average income of a Winchester resident is $23,531 a year. The US average is $37,638 a year.
- The Median household income of a Winchester resident is $40,625 a year. The US average is $69,021 a year.