Malvern, Arkansas (72104) is an affordable city to live in with a two-bedroom rent costing only $770 per month. This is significantly lower than the US average of $1,430 for the same type of accommodation. Grocery cost index in Malvern is also very reasonable compared to the US average at 92 versus 100 respectively. The city has some great local companies like First Electric Cooperative, All Points Logistics, and Hardin's Auto Parts that offer residents employment opportunities. There are also many recreational activities such as fishing, hiking, and camping that make Malvern an attractive location to live in.
Malvern (zip 72104) has an unemployment rate of 4.6%. The US average is 6.0%.
Malvern (zip 72104) has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Malvern (zip 72104)
- The Sales Tax Rate for Malvern (zip 72104) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Malvern (zip 72104) 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 Malvern (zip 72104)
- The average income of a Malvern (zip 72104) resident is $19,321 a year. The US average is $28,555 a year.
- The Median household income of a Malvern (zip 72104) resident is $47,055 a year. The US average is $69,021 a year.