Greenwood, AR (72936) is a small town located in Sebastian County. It is home to many businesses such as Walmart, McDonald's, Dollar Tree, O'Reilly Auto Parts and many more. The cost of living in Greenwood is relatively low compared to other areas; for example, the average two bedroom rent costs only $820 compared to $1,430 nationwide. Additionally, the Grocery Cost Index in Greenwood is 96 versus 100 in the US, making groceries even more affordable. All these factors make Greenwood an ideal place to live or visit for those looking for an inexpensive lifestyle with plenty of attractions and amenities nearby.
Greenwood (zip 72936) has an unemployment rate of 4.5%. The US average is 6.0%.
Greenwood (zip 72936) 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 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Greenwood (zip 72936)
- The Sales Tax Rate for Greenwood (zip 72936) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Greenwood (zip 72936) 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 Greenwood (zip 72936)
- The average income of a Greenwood (zip 72936) resident is $28,527 a year. The US average is $37,638 a year.
- The Median household income of a Greenwood (zip 72936) resident is $59,479 a year. The US average is $69,021 a year.