Paris, Arkansas is a small city located in the northeast corner of the state with a population of approximately 7,285. The two bedroom rent rate in Paris is a very affordable $660 per month, which is significantly lower than the average US rate of $1,430. The local grocery cost index is also lower than the national average at 92 compared to 100.
In Paris there are many local businesses that help to drive the economy such as Paris Plumbing & Heating Company Inc., G-Tec Cellular Inc., and Paris Discount Grocery and Meat Market. These three companies provide services ranging from plumbing and heating to cell phone repair and discounted groceries. While these businesses may be small, they are important to sustaining economic stability in this rural Arkansas city.
Paris (zip 72855) has an unemployment rate of 4.9%. The US average is 6.0%.
Paris (zip 72855) has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 18.9%, which is lower than the US average of 33.5%.
Tax Rates for Paris (zip 72855)
- The Sales Tax Rate for Paris (zip 72855) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Paris (zip 72855) 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 Paris (zip 72855)
- The average income of a Paris (zip 72855) resident is $24,358 a year. The US average is $37,638 a year.
- The Median household income of a Paris (zip 72855) resident is $43,913 a year. The US average is $69,021 a year.