St. Martin, MS is an affordable city to live in with a cost of living index of 96, which is 4 points lower than the national average. The 2 bedroom rent for St. Martin, MS is $1,010 which is much less than the US 2 bedroom rent at $1,430. There are many local companies that form the backbone of the economy within St. Martin such as G&R Management Solutions LLC, Biloxi Industries LLC and A&Z Home Improvement & Repair LLC. There are also larger companies located in St. Martin such as Walmart, Target and Lowe's Home Improvement Store. All these businesses make St. Martin a great place to live and work with plenty of opportunities for employment and career advancement.
St. Martin has an unemployment rate of 6.7%. The US average is 6.0%.
St. Martin has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for St. Martin
- The Sales Tax Rate for St. Martin is 7.0%. The US average is 7.3%.
- The Income Tax Rate for St. Martin 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 St. Martin
- The average income of a St. Martin resident is $21,997 a year. The US average is $37,638 a year.
- The Median household income of a St. Martin resident is $47,761 a year. The US average is $69,021 a year.