De Kalb, MS is a great place to live due to its low cost of living. When compared to the US average, 2 Bedroom Rent in De Kalb is much lower at $700 versus the US average of $1,430. The Grocery Cost Index is also lower than the US average at 94 in De Kalb versus 100 in the US. This allows citizens of De Kalb to better manage their finances and have more disposable income. Local companies in De Kalb include Big B's Produce, Boutwell's Country Store, First Financial Bank, Midway Auto Supply and North Mississippi Medical Center-Iuka. These businesses provide services to citizens of De Kalb while helping them stretch their incomes further.
De Kalb has an unemployment rate of 7.9%. The US average is 6.0%.
De Kalb has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 18.2%, which is lower than the US average of 33.5%.
Tax Rates for De Kalb
- The Sales Tax Rate for De Kalb is 7.0%. The US average is 7.3%.
- The Income Tax Rate for De Kalb 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 De Kalb
- The average income of a De Kalb resident is $15,497 a year. The US average is $28,555 a year.
- The Median household income of a De Kalb resident is $34,861 a year. The US average is $69,021 a year.