Silver Creek, MS is a small town located in the Mississippi Delta. It is known for its rich cultural heritage and hometown atmosphere. The cost of living in Silver Creek is quite affordable; the average 2 bedroom rent is $830 per month, compared to $1,430 on a national level. In addition, Grocery Cost Index stands at 96 compared to 100 in the US. \nSilver Creek has several local businesses that make up its economy, including Shatley Farms which specializes in farming vegetables and fruits, Joe's Pawn Shop which offers pawning services and sales items, and Lee's Lumber Yard which supplies lumber materials from their mill location near town. With its low cost of living and many local companies, Silver Creek provides residents with a unique opportunity to enjoy a small town life while still having access to necessary resources.
Silver Creek has an unemployment rate of 7.5%. The US average is 6.0%.
Silver Creek has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 18.7%, which is lower than the US average of 33.5%.
Tax Rates for Silver Creek
- The Sales Tax Rate for Silver Creek is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Silver Creek 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 Creek
- The average income of a Silver Creek resident is $17,424 a year. The US average is $28,555 a year.
- The Median household income of a Silver Creek resident is $30,833 a year. The US average is $69,021 a year.