Thaxton, MS is a small town with a population of less than 4,000 people. It is located in Pontotoc County and is home to businesses like Hales' Pharmacy, The Feed Store, and Thaxton Vet Clinic. The rental costs for 2 bedroom apartments are much lower than those in the US at $760 compared to $1,430. This makes it an attractive option for those looking to save on monthly living expenses. The Grocery Cost Index in Thaxton is also lower than that of the US at 93 versus 100 respectively. This can lead to significant savings for locals when stocking up on food and other necessities for their households. In all, it's clear that living in Thaxton has some advantages over other areas when it comes to affordability.
Thaxton has an unemployment rate of 6.4%. The US average is 6.0%.
Thaxton has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Thaxton
- The Sales Tax Rate for Thaxton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Thaxton 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 Thaxton
- The average income of a Thaxton resident is $20,498 a year. The US average is $28,555 a year.
- The Median household income of a Thaxton resident is $69,861 a year. The US average is $69,021 a year.