Economy in Farmington, Mississippi
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Economy
| Unemployment Rate | 12.10% | 9.10% |
| Recent Job Growth | -2.71% | -0.12% |
| Future Job Growth | 22.48% | 31.25% |
| Sales Taxes | 7.00% | 6.80% |
| Income Taxes | 5.00% | 6.25% |
| Income per Cap. | $20,339 | $27,067 |
| Household Income | $42,432 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 13.62% | 12.10% |
| Income between 15K and 25K | 11.75% | 10.18% |
| Income between 25K and 35K | 14.15% | 10.56% |
| Income between 35K and 50K | 21.63% | 14.98% |
| Income between 50K and 75K | 22.03% | 19.53% |
| Income between 75K and 100K | 9.48% | 12.52% |
| Income between 100K and 150K | 5.48% | 12.14% |
| Income between 150K and 250K | 0.93% | 3.91% |
| Income between 250K and 500K | 0.93% | 3.34% |
| Income greater than 500K | 0.00% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 10.79% | 13.81% |
| Professional and Related Occupations | 20.76% | 22.68% |
| Service | 11.98% | 14.51% |
| Sales and Office | 30.13% | 25.22% |
| Farming, Fishing, and Forestry | 0.24% | 0.68% |
| Construction, Extraction, and Maintenance | 10.44% | 9.37% |
| Production, Transportation, and Material Moving | 30.60% | 15.86% |
The unemployment rate in Farmington, MS, is 12.10%, with job growth of -2.71%. Future job growth over the next ten years is predicted to be 22.48%.
Farmington, MS Taxes
Farmington, MS,sales tax rate is 7.00%. Income tax is 5.00%.
Farmington, MS Income and Salaries
The income per capita is $20,339, which includes all adults and children. The median household income is $42,432.
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