Decatur, MS is a small city located in Newton County. Despite its small size, Decatur boasts a rich culture and vibrant economy with several local businesses that contribute to its success. Some of these companies include Wood-N-Things furniture shop, Quality Drug Co., Print Perfection Inc., and SM Food Mart. All of these companies offer goods and services to the citizens of Decatur, making it a great place to call home. In addition to the cost of living being lower than the national average, Decatur also offers affordable rent prices with two bedroom rentals costing around $800 per month. Grocery costs are also lower than the national average index score of 100 with an index score of 98 in Decatur.
Decatur has an unemployment rate of 6.1%. The US average is 6.0%.
Decatur has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 15.2%, which is lower than the US average of 33.5%.
Tax Rates for Decatur
- The Sales Tax Rate for Decatur is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Decatur 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 Decatur
- The average income of a Decatur resident is $20,160 a year. The US average is $28,555 a year.
- The Median household income of a Decatur resident is $42,016 a year. The US average is $69,021 a year.