Horn Lake, MS, is a small city located in DeSoto County with a population of around 26,000 people. It is well known for its low cost of living with the average two bedroom apartment rental being just $1,080 per month. Grocery costs are also significantly lower than the US at 93 compared to a national index of 100. Horn Lake has plenty to offer to both its residents and visitors alike with attractions such as the Gibson Guitar Factory Tours and the nearby Southaven Towne Center Mall providing great shopping and entertainment opportunities. The city is home to several reputable companies including Gossett Motor Company, Delta Regional Medical Center and North Sunflower Medical Center. There are also plenty of parks, trails and golf courses for outdoor recreation in Horn Lake. With its low cost of living, variety of businesses and many amenities, Horn Lake is an ideal place to live for those looking for an affordable lifestyle in a welcoming community.
Horn Lake (zip 38637) has an unemployment rate of 5.3%. The US average is 6.0%.
Horn Lake (zip 38637) has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Horn Lake (zip 38637)
- The Sales Tax Rate for Horn Lake (zip 38637) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Horn Lake (zip 38637) 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 Horn Lake (zip 38637)
- The average income of a Horn Lake (zip 38637) resident is $23,191 a year. The US average is $37,638 a year.
- The Median household income of a Horn Lake (zip 38637) resident is $54,783 a year. The US average is $69,021 a year.