Tupelo, MS Metro Area is a vibrant community with plenty of opportunity for growth. The two bedroom rent in the area is just $830, and the Grocery Cost Index is 95 versus 100 in the US - making it an affordable area to live. Local companies and businesses in Tupelo include BancorpSouth Bank, Renasant Bank and United Furniture Industries Inc. There is also plenty of shopping available at the Mall at Barnes Crossing as well as a variety of restaurants throughout the city. With its many amenities, Tupelo offers something for everyone, making it a great place to work and live.
Tupelo Metro Area has an unemployment rate of 5.7%. The US average is 6.0%.
Tupelo Metro Area has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Tupelo Metro Area
- The Sales Tax Rate for Tupelo Metro Area is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Tupelo 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 Tupelo Metro Area
- The average income of a Tupelo Metro Area resident is $28,660 a year. The US average is $37,638 a year.
- The Median household income of a Tupelo Metro Area resident is $55,837 a year. The US average is $69,021 a year.