Zip 38824 (Baldwyn, MS) Economy


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Baldwyn, Mississippi is a small city located in Lee County. With a population of 3,882 people, it’s a great place to find affordable rental housing. The average two-bedroom rental rate in Baldwyn is $870 per month compared to the US average of $1,430 per month. The cost of groceries in Baldwyn runs about 6% lower than the national average making it an attractive option for those looking to stretch their dollar further.
The town of Baldwyn has a variety of local businesses ranging from antique stores to home repair services. Bird’s Auto Repair and Custom Exhaust offer car repair services while Finchum Antiques provides shoppers with furniture and collectibles. For outdoor enthusiasts, Lee County Hunting & Fishing Supplies carries ammo and hunting supplies while North Mississippi Outfitters provides camping gear.
This charming Southern town also offers fun activities like the Old Union Golf Course, where golfers can practice their short game. Families can visit the nearby Tombigbee National Forest or enjoy a picnic at the Rocky Branch Recreation Area which has boat ramps and picnic sites along Pickwick Lake. All in all, Baldwyn is an affordable place to live with plenty of entertainment options close by.

Baldwyn (zip 38824) has an unemployment rate of 5.6%. The US average is 6.0%.

Baldwyn (zip 38824) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.

Tax Rates for Baldwyn (zip 38824)
- The Sales Tax Rate for Baldwyn (zip 38824) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Baldwyn (zip 38824) 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 Baldwyn (zip 38824)
- The average income of a Baldwyn (zip 38824) resident is $21,106 a year. The US average is $28,555 a year.
- The Median household income of a Baldwyn (zip 38824) resident is $44,425 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBaldwyn, MississippiUnited States
  5.66
  -4.3%-6.2%
  33.3%33.5%
  7.0%6.2%
  5.0%4.6%
  $22,396$37,638
  $44,425$69,021
  $56,847$85,028
  Population by Occupation
  1.4%1.2%
  0.0%0.5%
  4.4%6.8%
  30.0%10.0%
  3.7%2.5%
  8.2%11.0%
  4.8%4.8%
  0.0%0.8%
  0.0%1.9%
  3.6%4.7%
  2.0%1.9%
  2.5%7.6%
  0.8%0.1%
  4.8%4.2%
  7.6%9.3%
  10.4%14.0%
  0.2%2.1%
  5.7%7.0%
  6.0%4.8%
  3.9%4.7%
Health