38940 Holcomb, MS is a small town located in the delta region of Mississippi. It has a population of just over 1,000 people according to the 2019 estimate. The median household income is $44,750 per year which is slightly lower than the national average of $61,937. 2 bedroom rents in this area are around $730 per month which is much lower than the US national average of $1,430 per month. Additionally, grocery cost index here is 93 compared to 100 in the US; making it an affordable option for those looking for a more affordable lifestyle with minimal cost of living expenses. Local companies in Holcomb include Delta Supply Company and Fussner Trucking & Logistics LLC.
Holcomb (zip 38940) has an unemployment rate of 5.7%. The US average is 6.0%.
Holcomb (zip 38940) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 33.4%, which is lower than the US average of 33.5%.
Tax Rates for Holcomb (zip 38940)
- The Sales Tax Rate for Holcomb (zip 38940) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Holcomb (zip 38940) 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 Holcomb (zip 38940)
- The average income of a Holcomb (zip 38940) resident is $27,697 a year. The US average is $28,555 a year.
- The Median household income of a Holcomb (zip 38940) resident is $45,027 a year. The US average is $69,021 a year.