Renova, MS is a small town located in the northern part of the state. It has a charming atmosphere made up of friendly locals and beautiful nature. The cost of living in Renova is quite low compared to the rest of the United States with a 2 bedroom rent at $790 and Grocery Cost Index at 95 versus 100 in the US. This makes it an attractive place for people looking to save money on living expenses.
The town has several local businesses including grocery stores, restaurants, and boutiques such as Renova Farmers Market, The Local Cafe & Tavern, and Jordan's Boutique. All these stores offer great products with reasonable prices so residents can make their money go further than they would elsewhere.
Overall, Renova is an ideal location for those looking for an affordable place to live with convenient access to amenities and services without sacrificing quality or atmosphere.
Renova has an unemployment rate of 7.7%. The US average is 6.0%.
Renova 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 Renova
- The Sales Tax Rate for Renova is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Renova 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 Renova
- The average income of a Renova resident is $15,409 a year. The US average is $28,555 a year.
- The Median household income of a Renova resident is $23,218 a year. The US average is $69,021 a year.