Faulkner County, Arkansas is a great place to live. It offers affordable housing with two bedroom rents averaging around $920 compared to the rest of the United States at around $1,430. Groceries are also more inexpensive in Faulkner County with a grocery cost index of 96 compared to 100 in the US. For entertainment and shopping, there are plenty of local businesses and organizations such as the Conway Area Chamber of Commerce, Old Towne Mall Shopping Center, and Best Buy Electronics. All these factors make Faulkner County an attractive place for people looking for a place to call home.
Faulkner County has an unemployment rate of 4.2%. The US average is 6.0%.
Faulkner County has seen the job market decrease by -4.5% 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 Faulkner County
- The Sales Tax Rate for Faulkner County is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Faulkner 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 Faulkner County
- The average income of a Faulkner County resident is $28,851 a year. The US average is $37,638 a year.
- The Median household income of a Faulkner County resident is $54,845 a year. The US average is $69,021 a year.