Clara, MS Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / Mississippi / No Metro Area / Wayne County / Clara / Zip Codes
Clara, MS is a small town situated in the northern corner of Mississippi. It is well known for its warm, welcoming atmosphere and its strong sense of community. The cost of living in Clara is quite low compared to the rest of the United States. For example, 2 bedroom rent in Clara averages at $760 while it costs an average of $1,430 for the same in other parts of the US. Similarly, groceries have a cost index of 96 when compared to 100 for other states. Companies like Clara Electric and D&B Furniture are popular local businesses that provide employment opportunities to many residents. In conclusion, Clara is an ideal small town with a low cost of living and plenty of job opportunities which make it an attractive place to live or visit.

Clara has an unemployment rate of 7.6%. The US average is 6.0%.

Clara has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.

Tax Rates for Clara
- The Sales Tax Rate for Clara is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Clara 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 Clara
- The average income of a Clara resident is $26,709 a year. The US average is $37,638 a year.
- The Median household income of a Clara resident is $0 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyClara, MississippiUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
Household Income 69021
Health
Compare Clara, MS
cost of living
Compare food, housing, utilities, and more in Clara, Mississippi to any other city in the US.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.