Myrtle, MS is a small town in Mississippi with a population of about 1,400. The median rent for a 2 bedroom apartment in Myrtle is much lower than the national average at $750 compared to the US 2 Bedroom Rent of $1,430. Grocery prices also remain relatively low in Myrtle with an index of 95 versus 100 nationally. This makes Myrtle an attractive place to live due to its affordability. \nLocal companies such as Eaton's Barbeque & Fish Fry, Hardee's Restaurant, and Majestic Auto Repair make up some of the main businesses in this small town. Other attractions include Merrehope Historic Mansion and Gardens, Ocha-Zulia Arts and Crafts Collective, and Blue Moon Farm. With its small town charm and affordability, Myrtle is sure to be a great place to live.
Myrtle has an unemployment rate of 5.5%. The US average is 6.0%.
Myrtle has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 43.5%, which is higher than the US average of 33.5%.
Tax Rates for Myrtle
- The Sales Tax Rate for Myrtle is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Myrtle 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 Myrtle
- The average income of a Myrtle resident is $14,336 a year. The US average is $28,555 a year.
- The Median household income of a Myrtle resident is $50,625 a year. The US average is $69,021 a year.