Hot Spring, AR County is a great place to live with an affordable cost of living. The average 2-bedroom rent in Hot Spring, AR County is $730 compared to the US 2-bedroom rent average of $1,430. Grocery costs in Hot Spring, AR County are also lower than the US average with an index score of 94 versus 100. This makes it easier for locals to afford their everyday needs without breaking the bank. Local companies include Arkansas Nuclear One, First Electric Cooperative Inc., Home Bank and Precision Strip Inc. With a lower cost of living and many job opportunities, Hot Springs is a great place for anyone looking for a comfortable home or career change!
Hot Spring County has an unemployment rate of 4.6%. The US average is 6.0%.
Hot Spring County has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Hot Spring County
- The Sales Tax Rate for Hot Spring County is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Hot Spring 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 Hot Spring County
- The average income of a Hot Spring County resident is $19,819 a year. The US average is $28,555 a year.
- The Median household income of a Hot Spring County resident is $46,724 a year. The US average is $69,021 a year.