Terry, MS is a small community that has become increasingly popular due to its affordability. With a two bedroom rent of $900, which is significantly cheaper than the national average of $1,430, Terry has become an attractive option for many people looking for affordable housing. Grocery cost index in Terry is also lower than the US average, making it easier for residents to save money. The local businesses in Terry have been instrumental in providing employment opportunities as well as services to the community. Companies such as Terry Bank have provided banking services and financing options to residents and are helping shape the growth of the town's economy. Other companies such as Terry Meats and Groceries have helped provide fresh produce to locals at a more affordable cost. Overall, these local businesses have had a positive effect on the local economy of Terry, MS.
Terry has an unemployment rate of 7.0%. The US average is 6.0%.
Terry has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Terry
- The Sales Tax Rate for Terry is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Terry 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 Terry
- The average income of a Terry resident is $23,093 a year. The US average is $28,555 a year.
- The Median household income of a Terry resident is $43,516 a year. The US average is $69,021 a year.