Fort Smith, AR (72916) is an ideal city for those looking for an affordable place to live. The average 2 bedroom rent in Fort Smith is $930 per month, which is much lower than the nationwide rate of $1,430. Similarly, there is a significantly lower grocery cost index rating in Fort Smith compared to the US as a whole at 99 versus 100 respectively. This makes it easier to stretch your budget even further. Local companies such as Baldor Electric Company and GE Appliances provide plenty of job opportunities to local residents. All in all, Fort Smith offers an affordable cost of living and plenty of job opportunities for those looking for a new place to call home.
Fort Smith (zip 72916) has an unemployment rate of 4.6%. The US average is 6.0%.
Fort Smith (zip 72916) has seen the job market decrease by -3.9% 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 72916)
- The Sales Tax Rate for Fort Smith (zip 72916) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Fort Smith (zip 72916) 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 72916)
- The average income of a Fort Smith (zip 72916) resident is $56,632 a year. The US average is $37,638 a year.
- The Median household income of a Fort Smith (zip 72916) resident is $75,019 a year. The US average is $69,021 a year.