Paden, MS is a small town located in Mississippi with a population of around 800 inhabitants. It is a peaceful and friendly community where people come to escape the hustle and bustle of city life. The cost of living in Paden is relatively low with 2 bedroom rent being $750 per month compared to the US average of $1,430 per month. The grocery cost index in Paden is 92 versus 100 in the US which shows that it is an affordable area for groceries as well. \nThe local economy is largely driven by agriculture and timber production. There are also many small businesses in Paden such as Stroud’s Auto Parts, Wright’s Appliance Repair, Brown’s Paint & Body Shop, Johnson’s Hardware Store, and Smith’s Supermarket. All of these businesses have been serving the residents of Paden for generations and are integral parts of the local economy.
Paden has an unemployment rate of 5.1%. The US average is 6.0%.
Paden 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 Paden
- The Sales Tax Rate for Paden is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Paden 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 Paden
- The average income of a Paden resident is $14,551 a year. The US average is $28,555 a year.
- The Median household income of a Paden resident is $33,125 a year. The US average is $69,021 a year.