Lockesburg, AR is a small town located in the southern part of Arkansas in Sevier County. The population here is 71846, and its local economy revolves around farming and logging. With a low cost of living, the average 2 bedroom rent is $770 per month, which is much lower than the US average of $1430. This provides a great opportunity for those looking for affordable housing. In addition to this, the grocery cost index of 89 compared to 100 in the US makes food more budget friendly for families in Lockesburg. There are many local companies in Lockesburg such as A&M Logging Company, Caldwell Farms, Miller & Sons Grocery Store, and R & B Exteriors that provide residents with opportunities to shop locally and save money while supporting their community.
Lockesburg (zip 71846) has an unemployment rate of 5.6%. The US average is 6.0%.
Lockesburg (zip 71846) 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 Lockesburg (zip 71846)
- The Sales Tax Rate for Lockesburg (zip 71846) is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Lockesburg (zip 71846) 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 Lockesburg (zip 71846)
- The average income of a Lockesburg (zip 71846) resident is $22,810 a year. The US average is $37,638 a year.
- The Median household income of a Lockesburg (zip 71846) resident is $47,813 a year. The US average is $69,021 a year.