Phillips County, AR Economy


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Phillips, AR County is an attractive area to live in for many reasons. With a 2 bedroom rent of $720 , it is much lower than the US average of $1,430. The grocery cost index in Phillips AR County is 91 versus 100 in the US., making groceries more affordable for those living in Phillips, AR County. Residents have access to numerous local businesses such as Walmart Supercenter and Arkansas State University's Beebe campus located in Searcy. There are also plenty of restaurants, shops, and entertainment venues that all contribute to the vibrant culture of this community.

Phillips County has an unemployment rate of 8.4%. The US average is 6.0%.

Phillips County has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 8.7%, which is lower than the US average of 33.5%.

Tax Rates for Phillips County
- The Sales Tax Rate for Phillips County is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Phillips County 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 Phillips County
- The average income of a Phillips County resident is $17,848 a year. The US average is $28,555 a year.
- The Median household income of a Phillips County resident is $32,235 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPhillips, ArkansasUnited States
  8.46
  -2.7%-6.2%
  8.7%33.5%
  8.5%6.2%
  6.9%4.6%
  $20,242$37,638
  $32,235$69,021
  $46,864$85,028
  Population by Occupation
  5.6%1.2%
  0.0%0.5%
  3.7%6.8%
  12.9%10.0%
  1.9%2.5%
  16.9%11.0%
  3.4%4.8%
  3.0%0.8%
  0.4%1.9%
  4.1%4.7%
  1.1%1.9%
  1.2%7.6%
  0.1%0.1%
  4.8%4.2%
  10.5%9.3%
  16.4%14.0%
  3.7%2.1%
  3.6%7.0%
  2.5%4.8%
  4.1%4.7%
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