Tremont, MS is a small town with a population of just over 1,000. The city is home to several local companies including Tremont Supply Co., Tremont Tire & Automotive, and Cohen's Country Corner Store. Despite its size, Tremont offers a great quality of life at an affordable cost. The average rent for a two-bedroom apartment is much less than the US average at $760 compared to the US' $1,430. Additionally, the grocery cost index for Tremont is 99 compared to 100 in the US. This makes living costs comparatively low which explains why many people seek out this small town for a peaceful and cost effective lifestyle.
Tremont has an unemployment rate of 5.1%. The US average is 6.0%.
Tremont 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 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Tremont
- The Sales Tax Rate for Tremont is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Tremont 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 Tremont
- The average income of a Tremont resident is $25,067 a year. The US average is $37,638 a year.
- The Median household income of a Tremont resident is $34,219 a year. The US average is $69,021 a year.