Inverness, MS is a small town with a cozy atmosphere. It has many local businesses that offer great services to the residents. One of the most popular ones is Inverness Grocery Store, which offers a variety of food and household items at affordable prices. The cost index in Inverness is 95 versus 100 in the US, making it one of the most affordable places to live. Another company in Inverness is ABC Realty, which provides homes for rent or sale at reasonable prices. For example, a two-bedroom rental is $760 compared to $1,430 in the United States. There are also several unique restaurants and boutiques in town that provide an enjoyable experience for locals and visitors alike.
Inverness has an unemployment rate of 10.3%. The US average is 6.0%.
Inverness has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 11.2%, which is lower than the US average of 33.5%.
Tax Rates for Inverness
- The Sales Tax Rate for Inverness is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Inverness 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 Inverness
- The average income of a Inverness resident is $19,707 a year. The US average is $28,555 a year.
- The Median household income of a Inverness resident is $49,292 a year. The US average is $69,021 a year.