The small town of 72576 Salem, AR is a great place for those looking to save money. The average two bedroom rent in Salem is only $730, which is significantly cheaper than the US average of $1430. This makes it easier to make ends meet and allows for more disposable income. Additionally, the Grocery Cost Index in Salem is 93 versus 100 in the US making groceries more affordable on a budget.
When it comes to managing finances in 72576 Salem, AR there are several local businesses that can help with costs of living. For instance, Tyler's Grocery offers discount prices on fresh produce and other grocery items. Other local stores such as The Bargain Store provide a wide variety of home goods at discounted prices. There are also companies such as Bank Ozk and First Security Bank that offer financial services tailored to the community’s needs. With these helpful resources and lower cost of living expenses, 72576 Salem, AR truly is an ideal place for anyone looking to live comfortably while saving money.
Salem (zip 72576) has an unemployment rate of 4.6%. The US average is 6.0%.
Salem (zip 72576) has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Salem (zip 72576)
- The Sales Tax Rate for Salem (zip 72576) is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Salem (zip 72576) 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 Salem (zip 72576)
- The average income of a Salem (zip 72576) resident is $20,120 a year. The US average is $37,638 a year.
- The Median household income of a Salem (zip 72576) resident is $32,594 a year. The US average is $69,021 a year.