Horn Lake, MS is an ideal location for those looking to save some money. Renting a two bedroom apartment in Horn Lake costs about $1,070 compared to the national average of $1,430. This provides a sizable savings that can be put towards other expenses such as groceries. Grocery costs in Horn Lake are relatively low when compared to the rest of the United States, with index of 93 versus 100 in the US. Horn Lake also has numerous local businesses such as Malco Theatres Inc., Walmart Supercenter, and an assortment of restaurants and parks. With its lower cost of living and abundance of businesses, Horn Lake is a great place to live for those wanting to save money while still enjoying all the amenities they need.
Horn Lake has an unemployment rate of 5.3%. The US average is 6.0%.
Horn Lake has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Horn Lake
- The Sales Tax Rate for Horn Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Horn Lake 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 Horn Lake
- The average income of a Horn Lake resident is $18,940 a year. The US average is $28,555 a year.
- The Median household income of a Horn Lake resident is $54,783 a year. The US average is $69,021 a year.