Polk County, AR is an area known for its affordability. The median 2-bedroom rent is $760, which is significantly lower than the national median of $1,430. Meanwhile, food costs are relatively low with a grocery cost index of 92 compared to a US index of 100. The low cost of living could be attributed to the county's many local businesses that offer competitive prices in a variety of goods and services. For example, Conway Motors has been providing new and used vehicles at a reasonable rate for over 40 years in Polk County. Other staples in the county include Young's Grocery Store, which has been offering fresh produce and other grocery items for almost 75 years and Fainting Goat Cafe & Pub, which has been serving up homemade dishes since 2014. These businesses help keep prices low by providing residents with more options to choose from when shopping for their necessities.
Polk County has an unemployment rate of 5.4%. The US average is 6.0%.
Polk County has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 18.8%, which is lower than the US average of 33.5%.
Tax Rates for Polk County
- The Sales Tax Rate for Polk County is 9.2%. The US average is 7.3%.
- The Income Tax Rate for Polk 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 Polk County
- The average income of a Polk County resident is $26,879 a year. The US average is $37,638 a year.
- The Median household income of a Polk County resident is $43,444 a year. The US average is $69,021 a year.