Pace, MS is a small town located in Marion County with an estimated population of around 13,000. The town contains a few local businesses including B & B Grocery Store, Dollar General, and Fred's Discount Store. Rent for a two bedroom apartment in Pace is much lower than what is found in the US on average. Specifically, two bedroom apartments rent for $760 per month compared to $1,430 nationally. Grocery prices are also relatively low with the Grocery Cost Index being 91 versus 100 in the US. All things considered it is cheaper to live in Pace than other places when considering rent and groceries combined.
Pace has an unemployment rate of 7.7%. The US average is 6.0%.
Pace has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Pace
- The Sales Tax Rate for Pace is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Pace 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 Pace
- The average income of a Pace resident is $24,564 a year. The US average is $28,555 a year.
- The Median household income of a Pace resident is $28,125 a year. The US average is $69,021 a year.