Carthage, AR is a small town with a population of just over 3,000 people. It is located in the heart of Arkansas and has many local attractions to offer its residents. It is well known for its low cost of living as compared to other areas in the US, evident by the fact that 2 bedroom rent in Carthage is only $500 whereas the US median is $1,430. Also, the Grocery Cost Index in Carthage is 90 versus 100 in the US.
Carthage has many local companies that help bring revenue to the city. Some of these businesses include White River Distributing, Ozark Mountain Poultry, Ozark Mountain Pecans, and Southern Star Industries. All of these businesses are based locally and provide jobs and goods for those living in or around Carthage.
Carthage has an unemployment rate of 4.3%. The US average is 6.0%.
Carthage has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Carthage
- The Sales Tax Rate for Carthage is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Carthage is 6.9%. The US average is 4.6%.
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Income and Salaries for Carthage
- The average income of a Carthage resident is $19,606 a year. The US average is $37,638 a year.
- The Median household income of a Carthage resident is $0 a year. The US average is $69,021 a year.