72956 Van Buren, AR is located in the Arkansas River Valley region of the Ozark Mountains. It is a small city with just over 20,000 inhabitants, making it one of the smaller cities in the state. The area is known for its scenic beauty and outdoor recreation opportunities. The cost of living is relatively low compared to other parts of Arkansas, with 2-bedroom rent averaging $820 per month. Grocery costs are also lower than average compared to other areas at 94 points on the index - 4 points lower than the national average of 100.
Van Buren boasts several large employers and businesses that contribute to its economy including Arkansas Best Corporation, Coleman Dairy Products Inc., Tyson Foods Inc., and Arkansas Nuclear One Power Station. These companies provide hundreds of jobs for local residents while also creating additional economic activity through their suppliers and contractors. Tourism is also an important driver of economic growth with attractions such as Lake Fort Smith State Park and Ozark National Forest bringing visitors from all over the country each year.
Van Buren (zip 72956) has an unemployment rate of 4.3%. The US average is 6.0%.
Van Buren (zip 72956) has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Van Buren (zip 72956)
- The Sales Tax Rate for Van Buren (zip 72956) is 10.3%. The US average is 7.3%.
- The Income Tax Rate for Van Buren (zip 72956) 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 Van Buren (zip 72956)
- The average income of a Van Buren (zip 72956) resident is $20,978 a year. The US average is $28,555 a year.
- The Median household income of a Van Buren (zip 72956) resident is $53,352 a year. The US average is $69,021 a year.