The El Dorado, AR Metro Area is a great place to live. The cost of living is very affordable; 2 bedroom rents in El Dorado are only $760 compared to the US median of $1,430. Additionally, grocery costs in El Dorado are 88 on the index versus 100 in the US. This means that groceries are relatively inexpensive in El Dorado. The area is home to many local companies, such as Murphy Oil Corporation, Simmons First National Bank, H&H Foods Inc., and El Dorado Chemical Company. All these businesses make living in El Dorado very comfortable and provide many job opportunities for people who want to work locally.
El Dorado Metro Area has an unemployment rate of 6.9%. The US average is 6.0%.
El Dorado Metro Area 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 12.7%, which is lower than the US average of 33.5%.
Tax Rates for El Dorado Metro Area
- The Sales Tax Rate for El Dorado Metro Area is 9.5%. The US average is 7.3%.
- The Income Tax Rate for El Dorado 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 El Dorado Metro Area
- The average income of a El Dorado Metro Area resident is $21,911 a year. The US average is $28,555 a year.
- The Median household income of a El Dorado Metro Area resident is $46,444 a year. The US average is $69,021 a year.