Lafayette, AR County is an area filled with lots of potential and activity. It is located in Northwest Arkansas and offers a great cost of living compared to the rest of the country. The average 2 bedroom rent in the area is only $720 while it is $1,430 in other parts of the US. The Grocery Cost Index in Lafayette, AR County is 88 versus 100 in the US which further makes it a worthwhile place to live and work. There are many local companies that call Lafayette home such as Walmart, Tyson Foods, JB Hunt Transport Services, and Simmons Foods. These companies provide numerous job opportunities for locals as well as attract visitors to explore all that this wonderful area has to offer.
Lafayette County has an unemployment rate of 7.3%. The US average is 6.0%.
Lafayette County has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 17.7%, which is lower than the US average of 33.5%.
Tax Rates for Lafayette County
- The Sales Tax Rate for Lafayette County is 9.2%. The US average is 7.3%.
- The Income Tax Rate for Lafayette 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 Lafayette County
- The average income of a Lafayette County resident is $20,605 a year. The US average is $37,638 a year.
- The Median household income of a Lafayette County resident is $36,083 a year. The US average is $69,021 a year.