Schlater, MS is a small town located in the Mississippi Delta. With a population of just over 500 people, Schlater is a peaceful and comfortable place to call home. Although the cost of living in Schlater may be higher than some other parts of Mississippi, it is still relatively affordable compared to other states. For example, 2 bedroom rent in Schlater averages at $920 whereas the national average is $1,430. Additionally, the Grocery Cost Index here is 95 versus 100 nationally.
Schlater also has several local businesses that make up its economy including Wells Warehouse & Supply Co., Inc., which provides storage solutions and construction equipment rentals; Big River Farms which specializes in hay and forage products; and J&D Catering who specialize in catering services.
Overall, Schlater offers an affordable cost of living combined with a close-knit community and local businesses making it an ideal place for families or individuals looking for a quiet hometown setting.
Schlater has an unemployment rate of 9.5%. The US average is 6.0%.
Schlater has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 22.5%, which is lower than the US average of 33.5%.
Tax Rates for Schlater
- The Sales Tax Rate for Schlater is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Schlater 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 Schlater
- The average income of a Schlater resident is $13,933 a year. The US average is $28,555 a year.
- The Median household income of a Schlater resident is $36,250 a year. The US average is $69,021 a year.