Rankin, MS County is an ideal place to live due to its lower costs of living. The median 2 bedroom rent in Rankin County is $1,060 whereas the average 2 bedroom rent in the United States is $1,430. Similarly, the Grocery Cost Index in Rankin County stands at 101, a point higher than the national average of 100. This means that food items are slightly more expensive in Rankin; however it still remains an economical area for residents. Notable companies within Rankin include Brown Bottling Group, Mississippi Veterans Affairs and Robinson International. These companies all contribute greatly to the local economy and provide job opportunities for residents. In conclusion, Rankin MS County offers its citizens an affordable way of life with access to various essential services and businesses.
Rankin County has an unemployment rate of 4.1%. The US average is 6.0%.
Rankin County has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Rankin County
- The Sales Tax Rate for Rankin County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Rankin County 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 Rankin County
- The average income of a Rankin County resident is $27,508 a year. The US average is $28,555 a year.
- The Median household income of a Rankin County resident is $72,326 a year. The US average is $69,021 a year.