Lauderdale, Mississippi is a small city located in Lauderdale County. Home to a population of about 12,000 people, the city enjoys a peaceful atmosphere and easy access to transportation services. The cost of living in Lauderdale is fairly low when compared with other parts of the United States, with an average two-bedroom rent being only $790. The grocery cost index in Lauderdale is 94 compared to 100 in the US. Popular local companies include River Road Waste Solutions, Spear Enterprises Inc., and BancorpSouth Bank. With its close proximity to larger cities such as Memphis and Tupelo, Lauderdale provides residents with plenty of opportunities for shopping, dining, recreation, and entertainment.
Lauderdale has an unemployment rate of 5.9%. The US average is 6.0%.
Lauderdale has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Lauderdale
- The Sales Tax Rate for Lauderdale is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lauderdale 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 Lauderdale
- The average income of a Lauderdale resident is $7,525 a year. The US average is $28,555 a year.
- The Median household income of a Lauderdale resident is $25,347 a year. The US average is $69,021 a year.