State Line, MS is a small community located near the Mississippi-Tennessee border. It is known for its low cost of living compared to the rest of the United States. The average two-bedroom apartment rent in State Line is only $760 per month, compared to the national average of $1,430. Furthermore, the Grocery Cost Index in State Line is 93 versus 100 in the US, making it an excellent place to live for those on a budget.
The local economy is largely driven by small businesses such as Mike's Pizza and Steakhouse which serves delicious Italian food, and Shelly's Floral Design which specializes in floral arrangements. Additionally, there are several stores such as Joe's Hardware Store and Smith's Grocery Store that provide essential services to residents. Despite being small businesses, these companies are thriving thanks to the support of local customers.
State Line has an unemployment rate of 7.5%. The US average is 6.0%.
State Line has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 21.4%, which is lower than the US average of 33.5%.
Tax Rates for State Line
- The Sales Tax Rate for State Line is 7.0%. The US average is 7.3%.
- The Income Tax Rate for State Line 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 State Line
- The average income of a State Line resident is $21,776 a year. The US average is $37,638 a year.
- The Median household income of a State Line resident is $0 a year. The US average is $69,021 a year.