Prentiss, MS is a small town located in Jefferson Davis County with a population of just over 1,500 people. The community boasts numerous local businesses such as Prentiss Pharmacy, Holland Oil Company, and K & M Tire Supply. The cost of living in this rural location is very affordable compared to other places in the United States. For example, rent for a two-bedroom apartment averages around $820 per month while the national average is approximately $1,430. Additionally, grocery costs are slightly lower than the US average at 95 versus 100. Residents of Prentiss enjoy all that small-town life has to offer as well as being able to save money on their day-to-day expenses.
Prentiss has an unemployment rate of 8.4%. The US average is 6.0%.
Prentiss has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Prentiss
- The Sales Tax Rate for Prentiss is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Prentiss 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 Prentiss
- The average income of a Prentiss resident is $17,037 a year. The US average is $37,638 a year.
- The Median household income of a Prentiss resident is $28,550 a year. The US average is $69,021 a year.