71851 Mineral Springs, AR is an ideal place to live for those interested in a more affordable cost of living. 2 bedroom rent in this area costs only $640 compared to the US's average of $1,430. This is a great deal for those concerned with their wallet. Grocery Cost Index in 71851 is even lower than the US's at 90 versus 100. These low prices make it easy to save money and enjoy other activities that the area has to offer. Local businesses that thrive include Bob’s Supermarket, Leiper’s Hardware Store, and Tuckers Auto Repair Shop. All these companies are well established in Mineral Springs and help contribute to the local economy and keep it thriving.
Mineral Springs (zip 71851) has an unemployment rate of 3.7%. The US average is 6.0%.
Mineral Springs (zip 71851) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Mineral Springs (zip 71851)
- The Sales Tax Rate for Mineral Springs (zip 71851) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Mineral Springs (zip 71851) 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 Mineral Springs (zip 71851)
- The average income of a Mineral Springs (zip 71851) resident is $25,773 a year. The US average is $37,638 a year.
- The Median household income of a Mineral Springs (zip 71851) resident is $40,417 a year. The US average is $69,021 a year.