Wooster, AR Economy


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Wooster, AR is a small town located in the Ozark region of Arkansas. It has a close-knit community with a population of just over 600 people. The cost of living in Wooster is quite low compared to the national average, with rent for a two-bedroom apartment coming in at $910 per month as opposed to the national average of $1,430. Groceries are relatively inexpensive too, with Wooster's grocery cost index clocking in at 96 versus 100 in the US.
Wooster is home to several local businesses, such as Ozark Mountain Custom Woodwork & Cabinetry and AB Trucking & Logging LLC. Whether you want quality woodworking services or reliable trucking solutions, these companies provide outstanding service and products for locals and visitors alike.
As well as offering great value for money on housing and groceries, Wooster provides residents with a peaceful atmosphere that can't be matched by larger cities. Residents also benefit from easy access to nearby lakes and rivers which offer plenty of fishing opportunities year-round. All things considered, Wooster is an excellent place to live if you want quiet country living combined with convenience!

Wooster has an unemployment rate of 4.2%. The US average is 6.0%.

Wooster has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.

Tax Rates for Wooster
- The Sales Tax Rate for Wooster is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Wooster 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 Wooster
- The average income of a Wooster resident is $24,846 a year. The US average is $28,555 a year.
- The Median household income of a Wooster resident is $99,167 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWooster, ArkansasUnited States
  4.26
  -4.5%-6.2%
  32.7%33.5%
  7.0%6.2%
  6.9%4.6%
  $45,846$37,638
  $99,167$69,021
  $110,714$85,028
  Population by Occupation
  0.0%1.2%
  0.4%0.5%
  7.2%6.8%
  6.6%10.0%
  0.6%2.5%
  17.6%11.0%
  2.1%4.8%
  1.4%0.8%
  3.9%1.9%
  3.5%4.7%
  0.8%1.9%
  9.1%7.6%
  0.0%0.1%
  2.5%4.2%
  11.8%9.3%
  17.8%14.0%
  0.0%2.1%
  6.2%7.0%
  6.0%4.8%
  2.7%4.7%
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