Tupelo, MS is a city located in the northeast corner of the state and is home to approximately 38,000 people. It is known for its rich musical heritage with claims that Elvis Presley was born here in 1935. The city also has some of the most affordable rent in the United States with a 2 bedroom apartment costing $870 compared to an average of $1,430 in the US. Tupelo has a grocery cost index of 95 which is lower than the US average of 100. Some well-known employers in Tupelo include BancorpSouth, North Mississippi Medical Center, and General Mills. Not only does Tupelo offer numerous job opportunities but it also provides residents with plenty of recreational activities due to its close proximity to numerous outdoor attractions such as Tombigbee National Forest and Davis Lake State Park. Overall, Tupelo is a great place for people looking for an affordable cost of living combined with ample job opportunities and leisure activities.
Tupelo has an unemployment rate of 5.9%. The US average is 6.0%.
Tupelo has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 51.3%, which is higher than the US average of 33.5%.
Tax Rates for Tupelo
- The Sales Tax Rate for Tupelo is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Tupelo 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 Tupelo
- The average income of a Tupelo resident is $23,825 a year. The US average is $28,555 a year.
- The Median household income of a Tupelo resident is $58,887 a year. The US average is $69,021 a year.