Hickory Flat, MS is a small town with a population of 2,295 people according to the 2010 US Census. The cost of living in Hickory Flat is quite affordable, with an average two bedroom rent costing just $750 a month compared to the US average of $1,430. Grocery costs are also relatively low in Hickory Flat, with an index of 92 versus 100 in the US on average. Local businesses make up the majority of commerce within Hickory Flat, ranging from gas stations to repair shops and even an antique store. There is plenty for local residents to do including attending regular festivals and events held by community organizations such as the Hickory Flat Historical Society or enjoying outdoor activities at nearby parks or lakes. Overall, Hickory Flat is a great place to live where you can enjoy an affordable cost of living without sacrificing quality.
Hickory Flat has an unemployment rate of 7.1%. The US average is 6.0%.
Hickory Flat has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 34.9%, which is higher than the US average of 33.5%.
Tax Rates for Hickory Flat
- The Sales Tax Rate for Hickory Flat is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hickory Flat 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 Hickory Flat
- The average income of a Hickory Flat resident is $13,213 a year. The US average is $28,555 a year.
- The Median household income of a Hickory Flat resident is $31,208 a year. The US average is $69,021 a year.