Laurel, MS Metro Area is a great place to live with its vibrant economy and affordable cost of living. The 2 bedroom rent in the area is $800 compared to the US average of $1,430, making it much more affordable for families. Similarly, the grocery cost index in Laurel is 96 versus 100 in the US; providing people a great deal on their everyday needs. The area also has many jobs available from big companies like Howard Industries and Sanderson Farms which hire thousands of employees each year. Overall, Laurel offers a great lifestyle that is both economically friendly and exciting.
Laurel Metro Area has an unemployment rate of 6.5%. The US average is 6.0%.
Laurel Metro Area has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 13.9%, which is lower than the US average of 33.5%.
Tax Rates for Laurel Metro Area
- The Sales Tax Rate for Laurel Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Laurel 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 Laurel Metro Area
- The average income of a Laurel Metro Area resident is $23,368 a year. The US average is $37,638 a year.
- The Median household income of a Laurel Metro Area resident is $42,988 a year. The US average is $69,021 a year.