Collins, MS is a small city located in the southern United States. It is known for its affordable living costs with two bedroom rent typically costing $880 per month. The Grocery Cost Index in Collins is 96 out of 100 compared to the US which shows how cost effective living here can be. There are several well-known companies located in Collins such as Wal-Mart, CVS Pharmacy and McDonald's. For those looking for a bite to eat there are local favorites like Billy Bob’s Barbecue and The Cotton Bowl Restaurant. Despite being relatively small, Collins has a population of over 5,000 people according to Census figures from 2020.
Collins has an unemployment rate of 5.9%. The US average is 6.0%.
Collins 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 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Collins
- The Sales Tax Rate for Collins is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Collins 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 Collins
- The average income of a Collins resident is $15,621 a year. The US average is $37,638 a year.
- The Median household income of a Collins resident is $28,906 a year. The US average is $69,021 a year.