Richland, MS is a small town with a population of approximately 4,200 people. It is located in central Mississippi and has easy access to larger cities like Jackson and Starkville. The cost of living in Richland is considerably lower than the U.S. Average. The average rent for a 2-bedroom apartment is about $1,090 while the US average is about $1,430. In addition, the grocery cost index in Richland is 100 compared to the same index of 100 nationwide. This makes Richland an attractive place to live for those looking for more affordable housing options or better grocery prices.
Richland's economy benefits from several local businesses including the Hard Rock Casino & Hotel; Enterprise Holdings (Car Rental); ProLogistix; Redflex Traffic Solutions; and Patterson Dental Supplies Inc. It also boasts several restaurants and bars that are popular among locals as well as tourists visiting the area.
Richland has an unemployment rate of 4.1%. The US average is 6.0%.
Richland has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Richland
- The Sales Tax Rate for Richland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Richland 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 Richland
- The average income of a Richland resident is $22,105 a year. The US average is $28,555 a year.
- The Median household income of a Richland resident is $47,619 a year. The US average is $69,021 a year.