Mount Olive, MS is a small town located in Jones County that offers a quiet setting for those who would like to escape the hustle and bustle of city life.The cost of living there is considerably lower than the national average as evidenced by the 2 bedroom rent costing $750 compared to the national average of $1,430. Additionally, grocery cost index in Mount Olive is 96 versus 100 in the US. \nLocal companies are plentiful such as Collins Market & Grill which offers local produce, meats, and prepared foods. Other stores include The Barn Antiques, M & B Jewelry & Gifts, Creative Designs Embroidery & Monogramming, and Moore's Food Bank Grocery Store. All these local shops provide much needed amenities to residents of Mount Olive. It is clear that living in Mount Olive can be quite affordable with plenty of amenities available both at work and home.
Mount Olive has an unemployment rate of 5.9%. The US average is 6.0%.
Mount Olive has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Mount Olive
- The Sales Tax Rate for Mount Olive is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Olive 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 Mount Olive
- The average income of a Mount Olive resident is $15,989 a year. The US average is $28,555 a year.
- The Median household income of a Mount Olive resident is $53,947 a year. The US average is $69,021 a year.