Olive Branch, MS is a city located in DeSoto County. It has a population of 33,039 and is known for its friendly people and low cost of living. The average two bedroom rent in Olive Branch is $1,240, which is approximately $190 lower than the national average rent of $1,430 for two bedrooms. Not only is rent affordable in Olive Branch, but grocery costs are also quite low with an index rating of 99 compared to 100 for the United States as a whole. Some major businesses that call Olive Branch home include Fedex Ground Distribution Center, Southern Air Heating & Cooling Inc., and D&L Auto Repair Inc. With its affordability and growing business sector Olive Branch is a great place to live when compared to other cities around the United States.
Olive Branch has an unemployment rate of 3.5%. The US average is 6.0%.
Olive Branch has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 40.5%, which is higher than the US average of 33.5%.
Tax Rates for Olive Branch
- The Sales Tax Rate for Olive Branch is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Olive Branch 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 Olive Branch
- The average income of a Olive Branch resident is $27,672 a year. The US average is $28,555 a year.
- The Median household income of a Olive Branch resident is $81,860 a year. The US average is $69,021 a year.