Grenada, MS Metro Area is an ideal place to live with a low cost of living. The average two bedroom rent in Grenada is $770, which is more than $600 less than the national average. Additionally, the Grocery Cost Index in Grenada is 92, 8 points lower than the US average. This low cost of living pairs well with a variety of local businesses that make life comfortable for residents. It boasts a variety of stores like Piggly Wiggly, a grocery store, The Barnyard Store, a home improvement shop, and Mississippi Clothing Outlet & Shoe Factory for all your clothing needs. With its abundant job opportunities and affordable lifestyle options, Grenada is an excellent place to live.
Grenada Metro Area has an unemployment rate of 5.7%. The US average is 6.0%.
Grenada Metro Area has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 33.4%, which is lower than the US average of 33.5%.
Tax Rates for Grenada Metro Area
- The Sales Tax Rate for Grenada Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Grenada Metro Area 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 Grenada Metro Area
- The average income of a Grenada Metro Area resident is $25,361 a year. The US average is $37,638 a year.
- The Median household income of a Grenada Metro Area resident is $40,808 a year. The US average is $69,021 a year.