Ruleville, MS is a small rural town located in northwest Mississippi. It has a population of just over 3,500 people and is known for its rich cultural heritage and friendly atmosphere. The cost of living in Ruleville is much lower than the US average, with 2 bedroom rent at just $710 compared to $1,430 across the US and a grocery cost index of 93 versus 100 nationally. The local economy is driven by businesses like Murphy Oil USA, Inc., Reelfoot Bank, and Magnolia Regional Health Center which provide jobs and services to the community. There are also plenty of shops and restaurants where visitors can find great local cuisine as well as unique gifts from around the area. Overall, Ruleville is an ideal place to live for those looking for a quiet life surrounded by natural beauty.
Ruleville has an unemployment rate of 10.3%. The US average is 6.0%.
Ruleville has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 11.2%, which is lower than the US average of 33.5%.
Tax Rates for Ruleville
- The Sales Tax Rate for Ruleville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ruleville 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 Ruleville
- The average income of a Ruleville resident is $12,517 a year. The US average is $28,555 a year.
- The Median household income of a Ruleville resident is $50,486 a year. The US average is $69,021 a year.