Prattsville, AR (zip code 72129) is a small rural town located in Arkansas. The population of Prattsville is just over 500 people and it has a low cost of living compared to other areas of the state. The 2 bedroom rent in Prattsville is only $710 per month, much lower than the national average of $1,430 per month. Additionally, the grocery cost index in Prattsville is 92 versus the US index of 100. This indicates that goods are 8% cheaper than the national average when purchased in Prattsville.
The low cost of living in Prattsville is one reason why many local businesses have popped up here including Prattsville General Store, M&M Pawn Shop and Cotham's Mercantile. These stores offer residents quality products at an affordable price. Living in Prattsville allows its residents to enjoy all that rural living has to offer while still having access to all the necessities they need at a more reasonable price than many other places throughout Arkansas and across the United States.
Prattsville (zip 72129) has an unemployment rate of 3.7%. The US average is 6.0%.
Prattsville (zip 72129) has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Prattsville (zip 72129)
- The Sales Tax Rate for Prattsville (zip 72129) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Prattsville (zip 72129) 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 Prattsville (zip 72129)
- The average income of a Prattsville (zip 72129) resident is $20,712 a year. The US average is $28,555 a year.
- The Median household income of a Prattsville (zip 72129) resident is $63,125 a year. The US average is $69,021 a year.