Charleston, MS is a small town in the southeastern region of the United States. The town has a population of approximately 2,611 people as of 2020 and is known for its affordable housing costs. The average two-bedroom rent in Charleston is $700 which is substantially lower than the national average of $1,430. Charleston also boasts a Grocery Cost Index score of 92 compared to the US score of 100; making it one of the most affordable places in the state to buy groceries.
Local businesses that make up the economy include Magnolia Tea Room & Coffee House, Garden Gate Gifts & Gourmet Foods, Creations Interiors Home Decor & Gifts, and Seabees Southern Cookin'. In addition to these establishments, there are also several churches and schools in town as well. With its low cost of living and friendly community atmosphere, Charleston offers residents an attractive place to live.
Charleston has an unemployment rate of 6.5%. The US average is 6.0%.
Charleston has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Charleston
- The Sales Tax Rate for Charleston is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Charleston 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 Charleston
- The average income of a Charleston resident is $12,591 a year. The US average is $28,555 a year.
- The Median household income of a Charleston resident is $31,239 a year. The US average is $69,021 a year.