38722 Arcola is a rural town in Mississippi with an estimated population of 1,301 people. The town offers a hint of small-town charm while being close to larger cities such as Hattiesburg, Jackson, and Meridian. \nThe cost of living in Arcola is quite low – 2 bedroom rent averages at just $700 per month, far lower than the US average of $1430. Additionally, grocery costs are indexed at 94 versus 100 in the US. This means that residents can find big savings when it comes to everyday expenses such as food and rent. \nIn terms of local businesses, many residents commute into larger cities for work; however there are several employers located in Arcola including Southern Desiccant Technologies Inc., Lacy Contractors Inc., and Woodco Inc. \nIn conclusion, 38722 Arcola is an ideal location for those looking for a slower pace or more budget-friendly lifestyle while still having access to plenty of amenities nearby.
Arcola (zip 38722) has an unemployment rate of 9.3%. The US average is 6.0%.
Arcola (zip 38722) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 12.6%, which is lower than the US average of 33.5%.
Tax Rates for Arcola (zip 38722)
- The Sales Tax Rate for Arcola (zip 38722) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Arcola (zip 38722) 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 Arcola (zip 38722)
- The average income of a Arcola (zip 38722) resident is $14,613 a year. The US average is $28,555 a year.
- The Median household income of a Arcola (zip 38722) resident is $31,875 a year. The US average is $69,021 a year.