Senatobia, MS is a great place to live for those on a budget. The average 2 bedroom rent in Senatobia is $750 per month, which is significantly cheaper than the US average of $1,430. Grocery items are also very affordable in this city when compared to the rest of the country; the grocery cost index in Senatobia is 96 versus 100 in the US. This means that groceries can be purchased at a lower price than what you would find elsewhere. There are many local businesses that provide goods and services to residents such as banks, supermarkets, restaurants and other retail outlets. Therefore, Senatobia provides good quality while still being more affordable than other locations.
Senatobia has an unemployment rate of 6.0%. The US average is 6.0%.
Senatobia has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 32.8%, which is lower than the US average of 33.5%.
Tax Rates for Senatobia
- The Sales Tax Rate for Senatobia is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Senatobia 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 Senatobia
- The average income of a Senatobia resident is $20,755 a year. The US average is $28,555 a year.
- The Median household income of a Senatobia resident is $57,543 a year. The US average is $69,021 a year.