Duncan, Mississippi is a small town located in Lauderdale County. It has a population of around 1,500 people and is known for its historic downtown area. It is also home to many local businesses such as the Duncan Grocery Store, which offers shoppers with the opportunity to purchase all their grocery needs at low prices. Additionally, Duncan has become well known for its affordability. Indeed, it has some of the lowest costs for rent and groceries in the country; 2 bedroom rent in Duncan can be as low as $760 compared to the national average of $1,430 while its Grocery Cost Index (91) is lower than the US average (100). It is no wonder then that more and more people are beginning to move to this charming little town in search of a better quality of life.
Duncan has an unemployment rate of 7.7%. The US average is 6.0%.
Duncan has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Duncan
- The Sales Tax Rate for Duncan is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Duncan 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 Duncan
- The average income of a Duncan resident is $25,133 a year. The US average is $37,638 a year.
- The Median household income of a Duncan resident is $41,034 a year. The US average is $69,021 a year.