71960 Norman, AR is a great place to live that offers affordable housing and grocery costs. The average 2 bedroom rent in the area is $660, significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in 71960 is 92 versus 100 in the US which makes it an even more attractive option. Local businesses include Arvest Bank, Waldron Livestock Auction Inc., Western Sizzlin Steakhouse & Buffet, and Michael's Country Store. These companies provide local residents with a variety of services including banking, auctions, dining options, and shopping.
Norman (zip 71960) has an unemployment rate of 5.2%. The US average is 6.0%.
Norman (zip 71960) 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 14.8%, which is lower than the US average of 33.5%.
Tax Rates for Norman (zip 71960)
- The Sales Tax Rate for Norman (zip 71960) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Norman (zip 71960) 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 Norman (zip 71960)
- The average income of a Norman (zip 71960) resident is $15,481 a year. The US average is $28,555 a year.
- The Median household income of a Norman (zip 71960) resident is $30,583 a year. The US average is $69,021 a year.