Walnut, MS is a small town located in northern Mississippi with a population of around 1,500 people. This small, rural community offers residents a peaceful lifestyle and plenty of local businesses to enjoy. Some popular businesses in Walnut include the Walnut Grocery Store, Walnut Pharmacy, and the Walnut Post Office. The cost of rent for a two-bedroom apartment in Walnut is much lower than the US average at only $770 compared to $1,430. Additionally, the Grocery Cost Index in Walnut is 92 whereas it’s 100 across the US on average. This shows that living in Walnut can be considerably cheaper than other places throughout America which makes it an affordable option for those looking for peace and quiet without breaking their budget.
Walnut has an unemployment rate of 5.6%. The US average is 6.0%.
Walnut has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.6%, which is lower than the US average of 33.5%.
Tax Rates for Walnut
- The Sales Tax Rate for Walnut is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Walnut 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 Walnut
- The average income of a Walnut resident is $13,614 a year. The US average is $28,555 a year.
- The Median household income of a Walnut resident is $30,625 a year. The US average is $69,021 a year.