Living in 72903 Fort Smith, AR is great for those looking for a low cost of living. The 2 bedroom rent is $800 compared to the US average of $1,430, making it very affordable for young couples or families. Additionally, the Grocery Cost Index in Fort Smith is 97 versus 100 in the US – meaning groceries are cheaper than most other parts of the country. There are many local businesses that contribute to the economy such as Altus Outdoor Advertising, Gee Automotive Group and Westark Auto Group. All in all, 72903 Fort Smith is an ideal place for people searching for affordable housing and access to basic necessities.
Fort Smith (zip 72903) has an unemployment rate of 4.6%. The US average is 6.0%.
Fort Smith (zip 72903) has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Fort Smith (zip 72903)
- The Sales Tax Rate for Fort Smith (zip 72903) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Fort Smith (zip 72903) 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 Fort Smith (zip 72903)
- The average income of a Fort Smith (zip 72903) resident is $31,827 a year. The US average is $28,555 a year.
- The Median household income of a Fort Smith (zip 72903) resident is $54,009 a year. The US average is $69,021 a year.