Caledonia, MS is a small town located in Lowndes County with a population of about 4,000 people. The cost of living is quite low compared to the national average, as 2 bedroom rents are only $770 compared to the US' $1,430. Grocery costs also index at 101 in Caledonia versus 100 in the US. This makes it a great place for families trying to save money or young professionals looking for more affordable places to live.
The town boasts several local businesses such as Union Planters Bank, Caledonia Grain Mill and Caledonia Implement & Supply Co., which offer employment opportunities and services that keep the local economy thriving. For those looking for recreation, there's ample outdoor activities like camping and fishing at nearby parks or attractions like Natchez Trace Parkway Trail or historic sites like Fort Adams. With its tight-knit community and affordable living, Caledonia is a wonderful place to live and work.
Caledonia has an unemployment rate of 6.5%. The US average is 6.0%.
Caledonia has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Caledonia
- The Sales Tax Rate for Caledonia is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Caledonia 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 Caledonia
- The average income of a Caledonia resident is $19,925 a year. The US average is $28,555 a year.
- The Median household income of a Caledonia resident is $71,250 a year. The US average is $69,021 a year.