The city of Benton, Mississippi, with a population of 39039, has an average rent for a two bedroom apartment at $820 per month. This is significantly lower than the nation average of $1,430. Additionally, the Grocery Cost Index in Benton is 96 versus 100 in the US. The cost of living in Benton is kept low due to several factors including local businesses like Simmons Bank and Pinola Electronics which offer competitive wages and prices for goods and services to residents in the area. In addition, local utility companies like J & R Utilities provide affordable rates on water and electric bills. These businesses help create an atmosphere where residents can stay within their budget while still enjoying quality goods and services.
Benton (zip 39039) has an unemployment rate of 7.6%. The US average is 6.0%.
Benton (zip 39039) has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Benton (zip 39039)
- The Sales Tax Rate for Benton (zip 39039) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Benton (zip 39039) 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 Benton (zip 39039)
- The average income of a Benton (zip 39039) resident is $22,472 a year. The US average is $28,555 a year.
- The Median household income of a Benton (zip 39039) resident is $51,543 a year. The US average is $69,021 a year.