Sylvarena, MS is a small town located in Mississippi. The city has a population of around 2,000 people and is known for its rural atmosphere and beautiful forests. Many well-known companies such as Walmart, Dollar General, and CVS Pharmacy have stores located in Sylvarena, MS. The cost of living in this small town is quite low compared to other towns. For example, a two bedroom rent costs around $770 in Sylvarena which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index here is 95 versus 100 in the US which makes it more budget friendly for grocery shopping. In conclusion, Sylvarena is a great place to live with its reasonable cost of living and access to nearby businesses.
Sylvarena has an unemployment rate of 4.8%. The US average is 6.0%.
Sylvarena has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 23.7%, which is lower than the US average of 33.5%.
Tax Rates for Sylvarena
- The Sales Tax Rate for Sylvarena is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Sylvarena 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 Sylvarena
- The average income of a Sylvarena resident is $22,470 a year. The US average is $37,638 a year.
- The Median household income of a Sylvarena resident is $48,750 a year. The US average is $69,021 a year.