Winchester, AR (71677) is a small city located in the south of Arkansas. It has an affordable cost of living with a median home value of $87,700 and is known for its warm hospitality. Renting a 2 bedroom apartment in the area would cost around $800 per month whereas it would cost around $1430 per month in the US on average. The Grocery Cost Index in Winchester is also lower than that of the average US index at 91 versus 100.
The local economy of Winchester is mainly driven by agriculture-related businesses. A few popular companies include Concordia Bank, LLC, which offers financial services to businesses and individuals; Stone's Country Store, owned by Rodney Stone; and Sunrise Gardens & Nursery, owned by Lori Bettis. There are also many small locally owned businesses such as restaurants and shops where visitors can find great deals compared to other cities with similar demographics.
Winchester (zip 71677) has an unemployment rate of 5.8%. The US average is 6.0%.
Winchester (zip 71677) has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Winchester (zip 71677)
- The Sales Tax Rate for Winchester (zip 71677) is 10.4%. The US average is 7.3%.
- The Income Tax Rate for Winchester (zip 71677) 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 Winchester (zip 71677)
- The average income of a Winchester (zip 71677) resident is $23,531 a year. The US average is $37,638 a year.
- The Median household income of a Winchester (zip 71677) resident is $40,625 a year. The US average is $69,021 a year.