Forrest City, AR Metro Area is an excellent place to live due to its low cost of living. The average rent for a two bedroom apartment in Forrest City is $720 which is significantly lower than the US average of $1,430. Additionally, grocery costs in Forrest City are 91 versus 100 in the US, making it affordable to purchase food and other essential items. There are several local companies located within the area such as Walmart Distribution Center and Industrial Services of Arkansas. Other popular employers include St Francis Hospital and Tyson Foods Inc. Overall, Forrest City offers excellent opportunities with its low cost of living and diverse range of job opportunities.
Forrest City Metro Area has an unemployment rate of 7.3%. The US average is 6.0%.
Forrest City Metro Area has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 10.1%, which is lower than the US average of 33.5%.
Tax Rates for Forrest City Metro Area
- The Sales Tax Rate for Forrest City Metro Area is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Forrest City 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 Forrest City Metro Area
- The average income of a Forrest City Metro Area resident is $19,667 a year. The US average is $37,638 a year.
- The Median household income of a Forrest City Metro Area resident is $34,981 a year. The US average is $69,021 a year.