Taylor, AR is an excellent place for those seeking more affordable housing and lower cost of living. The 2 bedroom rent in Taylor is $700 per month, which is significantly cheaper than the US average of $1,430. Additionally, the Grocery Cost Index in Taylor is 89, while it is 100 in the US. This means that everyday groceries are 11% cheaper than the national average. For those looking to live and work in Taylor, there are various local businesses such as Marshall's Pawn & Gun Shop, Jones Mechanical Services LLC, and APS Auto Repair. All these companies demonstrate that Taylor has a thriving economy despite its low cost of living.
Taylor (zip 71861) has an unemployment rate of 6.2%. The US average is 6.0%.
Taylor (zip 71861) has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 12.8%, which is lower than the US average of 33.5%.
Tax Rates for Taylor (zip 71861)
- The Sales Tax Rate for Taylor (zip 71861) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Taylor (zip 71861) 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 Taylor (zip 71861)
- The average income of a Taylor (zip 71861) resident is $26,461 a year. The US average is $28,555 a year.
- The Median household income of a Taylor (zip 71861) resident is $43,875 a year. The US average is $69,021 a year.