Zip 72419 (Caraway, AR) Economy


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72419 Caraway, AR is an ideal location for those searching for an affordable standard of living. The average 2 bedroom rent in the area is $760 per month, which is far less than the US average of $1,430. Cost of groceries also remain low in 72419 Caraway, AR compared to the national average with a grocery cost index of 90 versus 100 in the US.
This small city offers amenities typical of larger cities including The Apple Store, The Hair Connection and various local eateries. There are many parks and recreational facilities such as Caraway Lions Park which makes this town perfect for families with children. Additionally, there are a number of cultural activities available such as Time Out Family Fun Center offering putt-putt golf and go-cart rides as well as Westside Cinema showing the latest films.
72419 Caraway, AR provides a great quality of life due to its more affordable prices on housing and groceries compared to much larger cities with similar amenities. Its rich culture gives residents plenty to do while providing a safe environment where families can raise their children.

Caraway (zip 72419) has an unemployment rate of 3.9%. The US average is 6.0%.

Caraway (zip 72419) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 40.9%, which is higher than the US average of 33.5%.

Tax Rates for Caraway (zip 72419)
- The Sales Tax Rate for Caraway (zip 72419) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Caraway (zip 72419) 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 Caraway (zip 72419)
- The average income of a Caraway (zip 72419) resident is $16,597 a year. The US average is $28,555 a year.
- The Median household income of a Caraway (zip 72419) resident is $46,466 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCaraway, ArkansasUnited States
  3.96
  -3.4%-6.2%
  40.9%33.5%
  7.5%6.2%
  6.9%4.6%
  $26,136$37,638
  $46,466$69,021
  $54,514$85,028
  Population by Occupation
  21.5%1.2%
  0.0%0.5%
  7.8%6.8%
  15.7%10.0%
  0.6%2.5%
  14.7%11.0%
  5.2%4.8%
  0.6%0.8%
  2.1%1.9%
  1.3%4.7%
  0.0%1.9%
  1.3%7.6%
  0.0%0.1%
  2.3%4.2%
  6.3%9.3%
  9.7%14.0%
  0.0%2.1%
  2.3%7.0%
  4.8%4.8%
  3.9%4.7%
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