Mound Bayou, MS is a small town located in the northwest corner of the state. It's an affordable place to live with two-bedroom rents averaging $720 compared to the US average of $1,430. A further indicator of its affordability is its Grocery Cost Index of 93 versus 100 in the US. Although small in size, Mound Bayou offers many amenities for its residents to enjoy. Local companies include Delta State University and Delta Medical Center which provide employment opportunities and healthcare services for the community. Other local attractions include King's Lake Park, which offers swimming and outdoor activities; the McLaurin-Butler House Museum which exhibits artifacts from Mound Bayou's history; and Abe’s Wildflower Garden which offers visitors a tranquil landscape of wildflowers. With so much to offer, Mound Bayou is an ideal place for residents looking for an affordable lifestyle with plenty of amenities that cater to their needs.
Mound Bayou has an unemployment rate of 7.7%. The US average is 6.0%.
Mound Bayou has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Mound Bayou
- The Sales Tax Rate for Mound Bayou is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mound Bayou 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 Mound Bayou
- The average income of a Mound Bayou resident is $11,027 a year. The US average is $28,555 a year.
- The Median household income of a Mound Bayou resident is $20,833 a year. The US average is $69,021 a year.