Nicholson, MS is a small town located in Mississippi with a quiet atmosphere and friendly people. It's a great place to raise a family as it offers lower costs of living when compared to the national average. Residents in Nicholson enjoy an approximate 2 bedroom rent of $820 per month and the cost of groceries is nearly five percent less than the national average. The local economy is primarily driven by agriculture, tourism, and forestry industries. There are many companies in Nicholson such as Timberland Farms, Inc., Big Creek Logging, Forrest County Agriculture High School, Country Cafe, and Southern Pines Golf Club that provide employment opportunities to the community.
Nicholson has an unemployment rate of 6.7%. The US average is 6.0%.
Nicholson has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 29.2%, which is lower than the US average of 33.5%.
Tax Rates for Nicholson
- The Sales Tax Rate for Nicholson is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Nicholson 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 Nicholson
- The average income of a Nicholson resident is $15,260 a year. The US average is $28,555 a year.
- The Median household income of a Nicholson resident is $36,875 a year. The US average is $69,021 a year.