Raleigh, MS is a small town located in Smith County with a population of around 500 people. It offers a peaceful and friendly atmosphere for those looking to live in a rural setting. The two bedroom rent in Raleigh, MS is $750 which makes it significantly cheaper than the US average of $1,430. This lower cost of living also extends to the grocery cost index which is 95 compared to 100 in the US overall. Residents of Raleigh have access to local businesses such as Miles Grocery & Deli and D&S Body Shop for everyday needs. There are also other amenities within the city limits such as affordable housing, quality schools, and recreational activities.
Raleigh has an unemployment rate of 4.8%. The US average is 6.0%.
Raleigh has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Raleigh
- The Sales Tax Rate for Raleigh is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Raleigh 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 Raleigh
- The average income of a Raleigh resident is $18,863 a year. The US average is $28,555 a year.
- The Median household income of a Raleigh resident is $21,837 a year. The US average is $69,021 a year.