Liberty, MS is a small city in Mississippi with a population of 186 people. Despite its small size, Liberty is home to several businesses like Liberty Drug Store, Liberty Pizza & Subs, and Liberty Bar-B-Q. The cost of living in Liberty is very affordable compared to the rest of the United States. The average two bedroom rent in Liberty is only $770 per month while the national average is $1,430. The grocery cost index in Liberty is 94 which is 6 points lower than the US index. All these factors make it clear that for those looking for an inexpensive place to live, Liberty may be just right for them.
Liberty has an unemployment rate of 7.9%. The US average is 6.0%.
Liberty has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 21.8%, which is lower than the US average of 33.5%.
Tax Rates for Liberty
- The Sales Tax Rate for Liberty is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Liberty 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 Liberty
- The average income of a Liberty resident is $20,513 a year. The US average is $37,638 a year.
- The Median household income of a Liberty resident is $36,429 a year. The US average is $69,021 a year.