Chicot, AR County is a great place for those on a budget. The two bedroom rent in the area is just $720 compared to the US average of $1,430. Additionally, the grocery cost index in Chicot is 91 versus 100 in the US. This makes it an affordable place to live for those with limited funds. The county has several local companies such as Timber Products Company, Delta Sawmill Co., and Epicore Foundations Inc. that provide employment opportunities to locals and have established a strong economic foundation for the area.
Chicot County has an unemployment rate of 10.1%. The US average is 6.0%.
Chicot County has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 6.2%, which is lower than the US average of 33.5%.
Tax Rates for Chicot County
- The Sales Tax Rate for Chicot County is 10.5%. The US average is 7.3%.
- The Income Tax Rate for Chicot 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 Chicot County
- The average income of a Chicot County resident is $21,820 a year. The US average is $37,638 a year.
- The Median household income of a Chicot County resident is $33,770 a year. The US average is $69,021 a year.