Fort Smith, AR Metro Area is a great place to live and work. The two bedroom rent in this area is very affordable at $790 compared to the US average of $1,430. Additionally, grocery cost index is relatively lower than the national average which makes it an even more convenient place to live. This area is home to many well-known companies such as American Airlines, Tyson Foods, Walmart, ArcBest Corporation and Rheem Manufacturing Company. Overall Fort Smith offers great affordability for its residents making it an attractive option for those looking for a quality living experience.
Fort Smith Metro Area has an unemployment rate of 4.8%. The US average is 6.0%.
Fort Smith Metro Area has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.
Tax Rates for Fort Smith Metro Area
- The Sales Tax Rate for Fort Smith Metro Area is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Fort Smith Metro Area 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 Fort Smith Metro Area
- The average income of a Fort Smith Metro Area resident is $21,237 a year. The US average is $28,555 a year.
- The Median household income of a Fort Smith Metro Area resident is $48,903 a year. The US average is $69,021 a year.