Winthrop, AR is a beautiful area in Arkansas that is known for its low rent costs compared to other cities in the United States. A two bedroom rent can cost as little as $820 which is significantly lower than the average of $1430 across the country. Along with low rents, Winthrop has a Grocery Cost Index of 91 compared to 100 nationwide. This makes it a great place to live for individuals on a budget. The town itself is home to several local businesses such as Winthrop Country Store, Victory Field Airpark, and Guernsey Creek Farms. These businesses provide jobs and services to the local population making Winthrop an ideal spot for those looking for affordable living costs and nearby job opportunities. Compared to other cities in the US, Winthrop stands out as being one of the most affordable places to reside while still having access to quality services and goods.
Winthrop has an unemployment rate of 5.3%. The US average is 6.0%.
Winthrop has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Winthrop
- The Sales Tax Rate for Winthrop is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Winthrop 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 Winthrop
- The average income of a Winthrop resident is $20,640 a year. The US average is $37,638 a year.
- The Median household income of a Winthrop resident is $0 a year. The US average is $69,021 a year.