38725 Benoit, MS is a small town located in the southeast part of Mississippi. The cost of living here is relatively low compared to the United States as a whole. For example, 2 bedroom rents are $750 compared to $1,430 in the US. The Grocery Cost Index here is also 91 versus 100 in the US. This lower cost of living allows local residents to more easily afford everyday items. There are several businesses in this area that locals can visit for shopping and services including Bryant General Store, Conner's Grocery, and Stuckey Oil Company. These local establishments provide residents with goods that fit within their budget due to the low cost of living in 38725 Benoit, MS.
Benoit (zip 38725) has an unemployment rate of 7.7%. The US average is 6.0%.
Benoit (zip 38725) has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Benoit (zip 38725)
- The Sales Tax Rate for Benoit (zip 38725) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Benoit (zip 38725) 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 Benoit (zip 38725)
- The average income of a Benoit (zip 38725) resident is $19,473 a year. The US average is $37,638 a year.
- The Median household income of a Benoit (zip 38725) resident is $49,844 a year. The US average is $69,021 a year.