Zip 72843 (Hector, AR) Economy


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Hector, Arkansas is a city located in Pope County. It has a population of 72843 people and is known for its beautiful scenery, outdoor activities, and friendly nature of its citizens. The rent for a two-bedroom apartment in Hector averages at $720 which is less than the average rent price nationally at $1430. Additionally, the cost of groceries in Hector are lower than national index with an index number of 93 versus 100.
Hector’s economy is based on local businesses such as Big Apple Bakery & Cafe, K&K Market Grocery Store, Albertsons Supermarket, Walgreens Pharmacy and Sinclair Oil Corporation fueling station. As a growing community it offers plenty of employment opportunities as well as recreational activities like camping, hiking and fishing nearby Lake Dardanelle State Park. With its picturesque surroundings and vibrant culture Hector is an ideal place to live or visit.

Hector (zip 72843) has an unemployment rate of 4.5%. The US average is 6.0%.

Hector (zip 72843) has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.

Tax Rates for Hector (zip 72843)
- The Sales Tax Rate for Hector (zip 72843) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Hector (zip 72843) 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 Hector (zip 72843)
- The average income of a Hector (zip 72843) resident is $21,776 a year. The US average is $37,638 a year.
- The Median household income of a Hector (zip 72843) resident is $50,521 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHector, ArkansasUnited States
  4.56
  -6.1%-6.2%
  19.0%33.5%
  7.5%6.2%
  6.9%4.6%
  $21,776$37,638
  $50,521$69,021
  $57,222$85,028
  Population by Occupation
  6.5%1.2%
  0.0%0.5%
  15.9%6.8%
  17.3%10.0%
  1.0%2.5%
  6.7%11.0%
  6.7%4.8%
  7.3%0.8%
  1.4%1.9%
  0.2%4.7%
  0.1%1.9%
  0.6%7.6%
  0.0%0.1%
  3.4%4.2%
  13.7%9.3%
  11.9%14.0%
  0.0%2.1%
  3.0%7.0%
  4.1%4.8%
  0.2%4.7%
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