Caddo Gap, Arkansas is a small rural town located in Montgomery County. It has a population of only 253 people according to the 2018 U.S Census. The average 2 bedroom rent in Caddo Gap is $720, which is much lower than the US average of $1,430. There are several local companies in Caddo Gap including Mom's Diner, an old fashioned diner serving home cooked meals and baked goods; Red Barn Antiques and Decor Store offering antiques from all over the country; and The Corner Pub and Grill providing locals with drinks and American style food. Grocery costs are also relatively low in Caddo Gap with an index of 91 versus 100 in the United States making it more affordable to live there.
Caddo Gap (zip 71935) has an unemployment rate of 5.2%. The US average is 6.0%.
Caddo Gap (zip 71935) has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Caddo Gap (zip 71935)
- The Sales Tax Rate for Caddo Gap (zip 71935) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Caddo Gap (zip 71935) 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 Caddo Gap (zip 71935)
- The average income of a Caddo Gap (zip 71935) resident is $23,710 a year. The US average is $37,638 a year.
- The Median household income of a Caddo Gap (zip 71935) resident is $38,417 a year. The US average is $69,021 a year.