Montgomery County, AR is an ideal place for those seeking affordable living. The average two-bedroom rent in the county is just $720 compared to the national average of $1,430, making it much more attainable for most budgets. In addition, its Grocery Cost Index is 95, which is quite lower than the US 100. This further helps make life in the county much more economical.
Montgomery County also offers plenty of options when it comes to employment and other amenities. Major local employers include Tyson Foods Inc., Walmart, and ConAgra Brands. Additionally, there are many recreational opportunities available in Montgomery County with a variety of parks, campgrounds, golf courses and trails providing great ways to stay active and enjoy nature. All these factors combine to make Montgomery County a very attractive place to live!
Montgomery County has an unemployment rate of 5.2%. The US average is 6.0%.
Montgomery County has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Montgomery County
- The Sales Tax Rate for Montgomery County is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Montgomery 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 Montgomery County
- The average income of a Montgomery County resident is $18,698 a year. The US average is $28,555 a year.
- The Median household income of a Montgomery County resident is $41,032 a year. The US average is $69,021 a year.