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Why It’s Frugal to Live in Arkansas

photo credit: Adam K. Walker This is part of a series here at Ultimate Money Blog. I’m going to be featuring fun money facts about all 50 states in America and why it is frugal to live in that particular state. Here are the states we’ve covered so far: Alabama Alaska Arizona When I think of Arkansas, I think of banjos playing. No offense to anyone that lives there, it’s just the first thing that comes to mind. It’s President Bill Clinton’s home state, Ozark Mountains and Hot Springs National Park is located there, and the Duggars live in Tontitown.  What makes Arkansas a frugal state?  Let’s find out. photo credit: GollyGforce is slipping on learning curve…:( Economy In 2004, the average income per household was $35,295. Located in Bentonville, Arkansas are the Wal-mart headquarters. Many residents are employed by Wal-mart, Tyson Foods, and J.B. Hunt. All three companies are currently headquartered in the state. Arkansas is dubbed “The Natural State”, and draws many visitors in each year, making tourism a large part of Arkansas’ economy. The state’s agricultural production […]

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Why it’s Frugal to live in Arizona

photo credit: SearchNetMedia This is part of a series here at Ultimate Money Blog. I’m going to be featuring fun money facts about all 50 states in America and why it is frugal to live in that particular state. Here are the states we’ve covered so far: Alabama Alaska photo credit: Ms. Phoenix Economy Arizona’s economy is interesting in the fact that it relies on its lovely climate as a main factor.  Crops and livestock contribute, and it’s about a 50/50 split between the two.  Lettuce, cotton, cantaloupes, barley, potatoes, and wheat are all main crops grown in the state.  Cattle and dairy farming make up the other 50%. Tourism and retirees help bring the bucks to the Grand Canyon State.  With a plethora of sunshine, dry heat, and beautiful scenery, who wouldn’t want to visit Arizona? photo credit: SearchNetMedia Taxes Arizona collects personal income taxes in five different brackets, ranging from 2.87% to 5.04%.  The sales tax is around 6.3%. The state of Arizona doesn’t tax food for consumption, or drugs that have been prescribed by a licensed physician. […]

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