71842 Horatio, AR is a town located in the scenic Ouachita mountains. It is home to many local businesses, restaurants, and parks. The two bedroom rent in the area is $690 which is significantly less than the US average of $1,430. Additionally, groceries have an index of 89 compared to 100 in the US making it fairly inexpensive to live there.
Local businesses include Crane's Family Pharmacy and Horatio Hardware & Supply Co. Restaurants such as Williams BBQ Shack and Rex’s Café are popular spots for locals to grab a bite to eat. For those looking for outdoor activities, Lake Ouachita State Park offers many outdoor recreational activities such as hiking and fishing.
Horatio (zip 71842) has an unemployment rate of 5.6%. The US average is 6.0%.
Horatio (zip 71842) has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.
Tax Rates for Horatio (zip 71842)
- The Sales Tax Rate for Horatio (zip 71842) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Horatio (zip 71842) 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 Horatio (zip 71842)
- The average income of a Horatio (zip 71842) resident is $30,337 a year. The US average is $37,638 a year.
- The Median household income of a Horatio (zip 71842) resident is $48,093 a year. The US average is $69,021 a year.