Portland, AR 71663 is a small town with an estimated population of just under 800 people. It is located in Ashley County in the southeastern part of Arkansas. The cost of living in Portland is much lower than the US average, making it an attractive destination for those looking for affordable housing. The average rent for a two-bedroom apartment in Portland is $630, which is significantly less than the US average of $1,430. Similarly, the Grocery Cost Index in Portland stands at 89 compared to 100 in the US, offering even more savings when it comes to groceries.
The local economy of Portland largely revolves around agriculture and small businesses such as Rick's Repair Shop and Dorman Clothing Store. There are also some larger companies located nearby such as Tyson Foods and Georgia Pacific. Despite having fewer businesses compared to other areas in the country, Portland residents still benefit from lower costs of living that make this small town an attractive option for those looking for affordability and a laid back lifestyle.
Portland (zip 71663) has an unemployment rate of 8.4%. The US average is 6.0%.
Portland (zip 71663) has seen the job market decrease by -10.6% 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 Portland (zip 71663)
- The Sales Tax Rate for Portland (zip 71663) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Portland (zip 71663) 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 Portland (zip 71663)
- The average income of a Portland (zip 71663) resident is $26,062 a year. The US average is $37,638 a year.
- The Median household income of a Portland (zip 71663) resident is $52,188 a year. The US average is $69,021 a year.