Iuka, MS is a small town located in northern Mississippi with a population of about 6,000. It is best known for being home to many local companies such as Iuka Mill & Lumber Company, Iuka Rural Water Association, and Sledge & Son Processing Plant. The cost of living is lower in Iuka than the national average; for example, two-bedroom rents are typically around $680, roughly $750 less than the national average of $1,430. Grocery costs are also lower in Iuka than the national average, with an index of 93 compared to 100 in the US. Overall, Iuka offers its residents an affordable way of life and has plenty to offer those looking for a peaceful place to call home.
Iuka has an unemployment rate of 5.1%. The US average is 6.0%.
Iuka has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 36.0%, which is higher than the US average of 33.5%.
Tax Rates for Iuka
- The Sales Tax Rate for Iuka is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Iuka 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 Iuka
- The average income of a Iuka resident is $21,186 a year. The US average is $28,555 a year.
- The Median household income of a Iuka resident is $38,750 a year. The US average is $69,021 a year.