Cabot, Arkansas is a thriving town located in Lonoke County with a population of around 20,000 people. With a 2 bedroom rent at $940 and grocery cost index at 97 compared to the US averages of $1,430 and 100 respectively, Cabot offers an affordable quality of life for its citizens.
The local economy is supported by companies such as Walmart Inc., Simmons Bank, Caterpillar Inc., and Community Health Systems. Stakeholders in Cabot include the Cabot Chamber of Commerce which helps promote business growth in the area as well as other local businesses that provide employment opportunities for residents. The Cabot Public School District provides quality education for students while local churches offer spiritual guidance and fellowship. Overall, 72023 Cabot AR is a great place to live and work with plenty of opportunities available for citizens.
Cabot (zip 72023) has an unemployment rate of 4.3%. The US average is 6.0%.
Cabot (zip 72023) has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 32.4%, which is lower than the US average of 33.5%.
Tax Rates for Cabot (zip 72023)
- The Sales Tax Rate for Cabot (zip 72023) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Cabot (zip 72023) 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 Cabot (zip 72023)
- The average income of a Cabot (zip 72023) resident is $31,630 a year. The US average is $37,638 a year.
- The Median household income of a Cabot (zip 72023) resident is $66,135 a year. The US average is $69,021 a year.