Booneville, Mississippi is an ideal place to live with a lower than average cost of living. The 2 bedroom rent in Booneville is $740 per month, which is significantly lower than the US average of $1,430. In addition, the grocery cost index is 93 compared to 100 nationally. This makes Booneville highly affordable for individuals and families looking for a place to call home.
Booneville is also home to several local businesses and organizations that contribute to its economy. Notable employers include Anderson Regional Medical Center, Maury Regional Hospital, and Magnolia Health Plan. Additionally, community organizations such as The Flippo Foundation focus on helping local citizens with their medical needs.
Overall, Booneville offers its residents a great quality of life at an affordable price. With a variety of job opportunities and low costs of living, it's no surprise why so many people choose to call this town home.
Booneville has an unemployment rate of 5.7%. The US average is 6.0%.
Booneville has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 28.2%, which is lower than the US average of 33.5%.
Tax Rates for Booneville
- The Sales Tax Rate for Booneville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Booneville 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 Booneville
- The average income of a Booneville resident is $16,993 a year. The US average is $28,555 a year.
- The Median household income of a Booneville resident is $41,992 a year. The US average is $69,021 a year.