Calhoun City, Mississippi (38916) is a small city located in southern Mississippi. According to recent numbers, the population of Calhoun City is 1,364.. The average 2 bedroom rent in the city is $780 which is about $650 cheaper than the US Average. The grocery cost index in the city is 92 versus 100 in the US, making groceries more cost effective for residents.
Due to its location in rural Mississippi, Calhoun City has seen slower economic growth compared to larger cities. However, there are a number of local businesses that contribute to the economy including Tam's Grocery Store, Taylor's Automotive Repair, and Tom's Heating & Air Conditioning. These businesses have been leading forces of economic stability for many years in Calhoun City. Additionally, job opportunities have been growing as new companies move into town and provide employment opportunities for locals.
Calhoun City (zip 38916) has an unemployment rate of 6.7%. The US average is 6.0%.
Calhoun City (zip 38916) has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Calhoun City (zip 38916)
- The Sales Tax Rate for Calhoun City (zip 38916) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Calhoun City (zip 38916) 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 Calhoun City (zip 38916)
- The average income of a Calhoun City (zip 38916) resident is $20,658 a year. The US average is $37,638 a year.
- The Median household income of a Calhoun City (zip 38916) resident is $37,183 a year. The US average is $69,021 a year.