What is the main income of Arkansas?
Agriculture is an important component of Arkansas’s economy, the majority of agricultural production is of livestock. Rice cultivation in Arkansas is significant. Arkansas has the second-lowest cost of living among all U. S. A dollar in Arkansas supports more real spending than it does in more expensive states. C2ER’s Cost of Living Index reported that Arkansas’ cost of living is approximately 14% lower than the rest of the nation.Arkansas recently ranked #1 in the nation for lowest cost-of-living, #1 for inbound migration, and #1 in the country for economic growth for two consecutive quarters.
What is good pay in Arkansas?
A salary in the range of $50,000 to $70,000 is generally considered comfortable for a single person in Arkansas. If you make $70,000 a year living in Arkansas as a single filer, you will be taxed $13,305. Your average tax rate is 14.
How much is $100,000 after taxes in Arkansas?
If you make $100,000 a year living in the region of Arkansas, United States of America, you will be taxed $27,040. That means that your net pay will be $72,960 per year, or $6,080 per month. In Arkansas, the median income is $41,020, but salaries across the state can differ greatly. In cities like Little Rock and Fort Smith, the cost of living is notably higher, which is reflected in median salaries reaching $65,676 in Little Rock and $50,772 in Fort Smith.
Who is the largest employer in Arkansas?
Arkansas. In over 100 different locations, Walmart employs 54,712 Arkansas residents making them the largest employer in the state. Tyson Foods Inc is the second largest employer with over 25,000 employees, and the third largest employer in the state is JB Hunt Transport with over 16,000 employees. Agriculture is Arkansas’ largest industry, adding around $16 billion to the state’s economy annually. The Natural State’s diverse landscape and climate produce a wide variety of Arkansas agricultural products. Arkansas is a major exporter of rice, soybeans, cotton, poultry and feed grains.