White Oak, MS is an area in North Mississippi with a lower cost of living as compared to the rest of the US. The average 2 bedroom rent is $900 which is almost a third less than what it would cost to rent in other parts of the country. Grocery costs also index at 93 versus 100 in the US, showing that groceries are cheaper too. Local companies include White Oak’s Manufacturing Inc., Ole Miss Textiles, and Riva Farms. All these local businesses contribute to the economy and provide jobs for the people of White Oak. With a lower cost of living as well as business opportunities, White Oak is an ideal place for many people looking for a pleasant and affordable environment to live in.
White Oak has an unemployment rate of 9.7%. The US average is 6.0%.
White Oak has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for White Oak
- The Sales Tax Rate for White Oak is 7.0%. The US average is 7.3%.
- The Income Tax Rate for White Oak 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 White Oak
- The average income of a White Oak resident is $10,743 a year. The US average is $28,555 a year.
- The Median household income of a White Oak resident is $16,900 a year. The US average is $69,021 a year.