Farrell, MS is a small town located in Sunflower County. It offers residents a quiet, rural living experience with access to local amenities such as restaurants, grocery stores, and parks. Residents of Farrell benefit from the lower cost of living compared to other towns in Mississippi. The average two-bedroom rent in Farrell is $610 per month, while the US average for two-bedroom rent is $1,430. The grocery cost index in Farrell is 90 versus 100 in the US. Local companies include H&R Distributors Inc., B&C Oil Co., and M&B Auto Parts. Outdoor activities are available at nearby Carpenter Lake Park which features playgrounds, picnic areas, hiking trails, and boating opportunities.
Farrell has an unemployment rate of 10.1%. The US average is 6.0%.
Farrell has seen the job market decrease by -1.0% over the last year. Future job growth over the next ten years is predicted to be 12.4%, which is lower than the US average of 33.5%.
Tax Rates for Farrell
- The Sales Tax Rate for Farrell is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Farrell 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 Farrell
- The average income of a Farrell resident is $10,543 a year. The US average is $28,555 a year.
- The Median household income of a Farrell resident is $40,263 a year. The US average is $69,021 a year.