Crittenden County · Arkansas · South · 24k residents
West Memphis, AR: economy, jobs & business costs
The site-selection read on West Memphis: labor costs, talent, corporate tax, energy, and business activity, with the Arkansas median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $962/wk. Arkansas's corporate income tax rate is 4.3%. Commercial electricity averages 10.2¢/kWh.
Compare West Memphis side by side
Avg. weekly wage
$962/wk
Corporate income tax
4.3%
Bachelor's degree or higher
13.9%
Commercial electricity
10.2¢/kWh
Economic momentum
How fast West Memphis's economy is moving, ranked against the US cities we track.
87/100
Heating
Ranks West Memphis's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $120,100 |
| Price per sq. ft. | $135 |
| Property tax rate | 0.62% |
| 1-bedroom rent | $486/mo |
| 2-bedroom rent | $823/mo |
| State & local income tax | 4.01% |
| Sales tax | 9.45% |
| Corporate income tax | 4.3% |
| Avg. weekly wage | $962/wk |
| Bachelor's degree or higher | 13.9% |
| Commercial electricity | 10.2¢/kWh |
| Businesses per 1k residents | 24.0/1k |
| Wage: Software developer | $125,580 |
| Wage: Registered nurse | $81,500 |
| Wage: General manager | $102,510 |
| Wage: Customer service | $44,090 |
| Wage: Warehouse worker | $37,280 |
| Wage: Heavy truck driver | $63,070 |
| Wage: Electrician | $60,890 |
| Wage: Retail salesperson | $32,580 |
| Cost of living index | 71 |
| Groceries index | 95 |
| Utilities | $155/mo |
| Transit pass | $40/mo |
| Gas price | $2.90/gal |
| Healthcare index | 90 |
| Childcare (per child) | $750/mo |
| Median household income | $42,674 |
| Unemployment rate | 3.4% |
| Population | 24k |
| Crime index | 68/100 |
| School rating | 4.5/10 |
| Walkability | 30/100 |
| Disaster risk | 83/100 |
| Avg. commute | 22 min |
| Sunny days / year | 217 days |
| July high | 91°F |
| January low | 31°F |
| Annual snowfall | 2 in |
| Home price YoY | +8.3% |
| Home price MoM | +0.3% |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | +10.7% |
| Building permits YoY | +20.7% |
| Ocean coast | 337 mi |
| Big lake | 158 mi |
| Mountains | 170 mi |
| Major airport | 13 mi |
| Ski resort | 235 mi |
Popular comparisons
Nearby
- Jonesboro, AR · 80k
- Paragould, AR · 30k
- Searcy, AR · 23k
- Cabot, AR · 27k
- Jacksonville, AR · 29k
Similar size
- Van Buren, AR · 24k
- Centerton, AR · 22k
- Bryant, AR · 22k
- Maumelle, AR · 19k
- Siloam Springs, AR · 19k
Real listings in West Memphis
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is West Memphis a good place to run a business?
- Arkansas's corporate income tax rate is 4.3%; average weekly wages in the surrounding labor market run $962/wk; commercial electricity averages 10.2¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in West Memphis, AR?
- West Memphis indexes at 71 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $823/mo and a acs median home value of $120,100.
- How much does a house cost in West Memphis?
- The acs median home value in West Memphis is $120,100 (Census ACS estimate; individual listings vary).
- How much is rent in West Memphis?
- A two-bedroom in West Memphis rents for about $823/mo.