Hernando, MS is a city located in DeSoto County. It has a small population and is known for its low cost of living. Rent for two bedrooms in Hernando is $1,110 compared to the national average of $1,430. Grocery costs are also very affordable with an index score of 99 versus 100 in the US. This makes Hernando an attractive place for people who want to enjoy some of the benefits of a larger city at a lower cost. The city is home to several companies such as Turner Dairy Farms, Hernando Electric Corporation, and Domino Steel and Manufacturing. These businesses provide many jobs and contribute to the local economy.
Hernando has an unemployment rate of 4.6%. The US average is 6.0%.
Hernando has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Hernando
- The Sales Tax Rate for Hernando is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hernando is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hernando
- The average income of a Hernando resident is $28,380 a year. The US average is $28,555 a year.
- The Median household income of a Hernando resident is $64,240 a year. The US average is $69,021 a year.