Collinsville, MS is a small town located in the DeSoto county of Mississippi. It has an agricultural economy and is home to a few local companies such as Collinsville Lumber, Warren-Murphy Grain Co Inc, and Agri-Max Fertilizer Supply. The average cost of two bedroom rent in Collinsville, MS is $1,040 which is lower than the US average of $1,430. The grocery cost index in Collinsville is 99 compared to 100 for the US. This makes it affordable for residents to purchase groceries and other necessities in the town. Collinsville offers its citizens small-town hospitality combined with all the modern amenities one would expect from living in any town or city.
Collinsville has an unemployment rate of 5.9%. The US average is 6.0%.
Collinsville has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Collinsville
- The Sales Tax Rate for Collinsville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Collinsville 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 Collinsville
- The average income of a Collinsville resident is $31,830 a year. The US average is $28,555 a year.
- The Median household income of a Collinsville resident is $67,649 a year. The US average is $69,021 a year.