Malvern Metro Area, AR Economy


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United States / Arkansas / Malvern Metro Area / Counties / Cities / Zip Codes
Malvern, AR Metro Area is an ideal place to live with plenty of job opportunities and a relatively affordable cost of living. Companies such as Walmart, Tyson Foods, and Dillard’s have their headquarters in the area, providing jobs for local residents. The average 2 bedroom rent in Malvern is $730 per month which is much lower than the US average of $1,430. Additionally, the grocery cost index in Malvern stands at 94 versus 100 for the US as a whole. This makes it easy to stay within budget when shopping for groceries. In short, people who move to Malvern benefit from affordable housing and groceries while also finding career opportunities with major local employers.

Malvern Metro Area has an unemployment rate of 4.6%. The US average is 6.0%.

Malvern Metro Area has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.

Tax Rates for Malvern Metro Area
- The Sales Tax Rate for Malvern Metro Area is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Malvern 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 Malvern Metro Area
- The average income of a Malvern Metro Area resident is $19,819 a year. The US average is $28,555 a year.
- The Median household income of a Malvern Metro Area resident is $46,724 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMalvern, ArkansasUnited States
  4.66
  -2.0%-6.2%
  24.9%33.5%
  8.0%6.2%
  6.9%4.6%
  $23,411$37,638
  $46,724$69,021
  $60,354$85,028
  Population by Occupation
  1.2%1.2%
  0.3%0.5%
  8.2%6.8%
  11.7%10.0%
  1.9%2.5%
  14.9%11.0%
  2.5%4.8%
  1.8%0.8%
  0.8%1.9%
  2.9%4.7%
  1.0%1.9%
  3.8%7.6%
  0.4%0.1%
  4.4%4.2%
  9.6%9.3%
  14.6%14.0%
  1.7%2.1%
  7.9%7.0%
  6.0%4.8%
  4.3%4.7%
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