Silver City, MS is an excellent place to live for many reasons. It is known for its affordable rent prices, with two bedroom units averaging around $770 compared to the national average of $1,430. The grocery cost index in Silver City is also significantly lower than the US average at 94 compared to 100.
In addition to its affordability, Silver City also offers plenty of job opportunities due to its thriving companies such as Tatum Machine Works, JB Manufacturing Co., and ProCom Industries. These businesses specialize in machine production, metal fabrication and welding services respectively. They are well-known for providing reliable employment that helps keep the local economy strong.
With its reasonable living costs and ample job opportunities, Silver City is a great place to call home. From its lively community events that take place throughout the year to its picturesque landscape, residents can truly enjoy living here without sacrificing financial security or comfort.
Silver City has an unemployment rate of 14.0%. The US average is 6.0%.
Silver City has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 9.4%, which is lower than the US average of 33.5%.
Tax Rates for Silver City
- The Sales Tax Rate for Silver City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Silver City 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 Silver City
- The average income of a Silver City resident is $16,989 a year. The US average is $37,638 a year.
- The Median household income of a Silver City resident is $0 a year. The US average is $69,021 a year.