Scott, AR is a small town with an estimated population of 1,189 according to the 2010 census. The cost of renting a 2-bedroom apartment in Scott is $760 per month, which is significantly lower than the national average of $1,430. Grocery prices are also relatively low in Scott with the grocery cost index at 96 compared to 100 for the US overall. There are several locally owned businesses located in Scott such as Sue's Home Cookin' Restaurant, Miller Tire Service, and Scott Family Pharmacy. Shopping for goods and services can be done locally without having to leave town or travel long distances. This makes it easier for those who live in Scott and helps keep costs low compared to larger cities where prices can be more expensive.
Scott (zip 72142) has an unemployment rate of 6.1%. The US average is 6.0%.
Scott (zip 72142) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Scott (zip 72142)
- The Sales Tax Rate for Scott (zip 72142) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Scott (zip 72142) 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 Scott (zip 72142)
- The average income of a Scott (zip 72142) resident is $27,485 a year. The US average is $28,555 a year.
- The Median household income of a Scott (zip 72142) resident is $54,861 a year. The US average is $69,021 a year.