Guntown, MS is a small community with an affordable cost of living. The average two bedroom rent in Guntown is $880 which is much lower than the national average of $1,430. The Grocery Cost Index for Guntown is also lower than the national index at 95 versus 100. This makes Guntown ideal for those looking to save money or start a family on a budget. There are many local businesses in Guntown such as Jones Automotive Repair, Miller’s Butcher Shop, and Benton Construction Company to name a few. With its low cost of living and great selection of local businesses, Guntown is quickly becoming an attractive destination for families and young professionals alike.
Guntown has an unemployment rate of 5.6%. The US average is 6.0%.
Guntown has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.
Tax Rates for Guntown
- The Sales Tax Rate for Guntown is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Guntown 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 Guntown
- The average income of a Guntown resident is $19,962 a year. The US average is $28,555 a year.
- The Median household income of a Guntown resident is $65,781 a year. The US average is $69,021 a year.