Lumberton, MS is an affordable city with a wide range of economic opportunities. The average rent for a two bedroom apartment is $780, significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Lumberton is 94 compared to the national average of 100 – showing that food prices are slightly cheaper than the rest of the country. It's no wonder why so many people choose to live here! There are several local companies that contribute to the city's economy such as Kinetix Manufacturing, BancorpSouth Bank, and Lumberton Ford. Other employers in the area include CenterPointe Hospital and United Way of Southeast Mississippi. With such great services and businesses available, it's easy to see why so many people choose to call Lumberton home.
Lumberton has an unemployment rate of 4.5%. The US average is 6.0%.
Lumberton has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Lumberton
- The Sales Tax Rate for Lumberton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lumberton 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 Lumberton
- The average income of a Lumberton resident is $15,500 a year. The US average is $37,638 a year.
- The Median household income of a Lumberton resident is $25,214 a year. The US average is $69,021 a year.