Montrose, Arkansas (zip code 71658) is a small town located in Ashley County. It's known for its hardworking citizens and friendly atmosphere. The average 2 bedroom rent in Montrose is $570 per month; much lower than the national average of $1,430 per month. Additionally, the grocery cost index in Montrose is 86 compared to 100 in the US, making it more affordable to buy groceries. Local companies include Southern Bancorp Bank and Ashley County Farm Bureau Insurance Agency which both provide quality services to local residents. All factors considered, living in Montrose provides residents with an excellent quality of life at an affordable cost.
Montrose (zip 71658) has an unemployment rate of 8.4%. The US average is 6.0%.
Montrose (zip 71658) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 15.3%, which is lower than the US average of 33.5%.
Tax Rates for Montrose (zip 71658)
- The Sales Tax Rate for Montrose (zip 71658) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Montrose (zip 71658) 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 Montrose (zip 71658)
- The average income of a Montrose (zip 71658) resident is $12,497 a year. The US average is $28,555 a year.
- The Median household income of a Montrose (zip 71658) resident is $34,500 a year. The US average is $69,021 a year.