Magness, Arkansas is located in Jackson County and has a population of just over 100 people. It is a small town with a lot of charm that offers stunning scenery and outdoor activities. Magness is also known for its low-cost housing; 2 Bedroom Rent in Magness typically averages at $720, much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Magness is 89 compared to 100 in the US. \nIn Magness there are many options when it comes to local businesses. Examples include: The 72553 Grocery Store, Magnolia Station Cafe & Service Station, Frazier’s Bait & Tackle, and Hill’s Market Place. With these businesses residents can purchase all their groceries without having to travel far or spend too much money due to the low Grocery Cost Index of 89 compared to the US average which sits at 100 .
Magness (zip 72553) has an unemployment rate of 4.5%. The US average is 6.0%.
Magness (zip 72553) has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 35.2%, which is higher than the US average of 33.5%.
Tax Rates for Magness (zip 72553)
- The Sales Tax Rate for Magness (zip 72553) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Magness (zip 72553) 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 Magness (zip 72553)
- The average income of a Magness (zip 72553) resident is $14,114 a year. The US average is $37,638 a year.
- The Median household income of a Magness (zip 72553) resident is $55,585 a year. The US average is $69,021 a year.