Okolona, MS is a small town located in the northeast corner of Mississippi. It is known for its friendly atmosphere and low cost of living. The average two bedroom rent in Okolona is $670, which is significantly lower than the national average rent of $1,430. Additionally, the Grocery Cost Index in Okolona is 94 compared to the US average of 100, making everyday groceries much more affordable. Local businesses that are popular among residents include J & E Auto Service, Rockford’s Bar-B-Q & Catering, and Bobo Self Storage. These businesses offer great services to the community and provide employment opportunities for locals.
Okolona has an unemployment rate of 8.0%. The US average is 6.0%.
Okolona has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Okolona
- The Sales Tax Rate for Okolona is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Okolona 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 Okolona
- The average income of a Okolona resident is $17,459 a year. The US average is $37,638 a year.
- The Median household income of a Okolona resident is $24,786 a year. The US average is $69,021 a year.