The small town of Hermitage, Arkansas (71647) is an affordable place to live as evidenced by its low costs of living. The average 2 bedroom rent in Hermitage is $720 compared to the national average of $1,430. Additionally, the Grocery Cost Index in Hermitage is 92 versus 100 in the US. This means groceries are cheaper than many other places around the country. Local companies such as Warehouse Market and Jones Wholesale offer great prices on food and home goods. Living in Hermitage is a great choice for those who want to save money while still enjoying a pleasant rural atmosphere and friendly locals.
Hermitage (zip 71647) has an unemployment rate of 5.0%. The US average is 6.0%.
Hermitage (zip 71647) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Hermitage (zip 71647)
- The Sales Tax Rate for Hermitage (zip 71647) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Hermitage (zip 71647) 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 Hermitage (zip 71647)
- The average income of a Hermitage (zip 71647) resident is $21,054 a year. The US average is $28,555 a year.
- The Median household income of a Hermitage (zip 71647) resident is $46,122 a year. The US average is $69,021 a year.