Oil Trough, Arkansas is a small town located in Independence County with a population of only 250 people. It has a rural feel to it and is known for its peacefulness and friendly atmosphere. The median 2 Bedroom Rent rate in Oil Trough is $630, which is nearly $800 cheaper than the average 2 bedroom rent rate of $1,430 in the US. In addition, the Grocery Cost Index in Oil Trough is 90 versus 100 in the US, making it an affordable place to live.
The town offers residents amenities such as JB’s Grocery Store & Deli for groceries and supplies as well as several local restaurants including the Catfish Café and BBQ Barn. It also provides convenient access to outdoor recreational activities such as boating at Mill Creek Lake or hiking at White Oak Wilderness Park. There are also many unique attractions nearby like the Historic Dyess Colony Center, which offers tours of original buildings from Johnny Cash’s childhood home and farm.
Oil Trough (zip 72564) has an unemployment rate of 4.5%. The US average is 6.0%.
Oil Trough (zip 72564) has seen the job market decrease by -0.4% 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 Oil Trough (zip 72564)
- The Sales Tax Rate for Oil Trough (zip 72564) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Oil Trough (zip 72564) 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 Oil Trough (zip 72564)
- The average income of a Oil Trough (zip 72564) resident is $11,901 a year. The US average is $28,555 a year.
- The Median household income of a Oil Trough (zip 72564) resident is $37,083 a year. The US average is $69,021 a year.