Lake Cormorant, Mississippi (38641) is an excellent residential area located in DeSoto County. The city offers its residents a peaceful environment to call home with access to many local companies and amenities. 2-bedroom rent in the area is much lower than the US average at $940; this provides a great opportunity for those looking for a budget-friendly option. Grocery costs are also more affordable in Lake Cormorant compared to the US as well, coming in at 99 versus 100 on the Grocery Cost Index.
Residents of Lake Cormorant can look forward to some great local businesses such as BankPlus, US Post Office, C&C Firearms & Ammo LLC, Horn Lake Veterinary Clinic, and Southaven Drive-In Restaurant. There are also plenty of recreational activities available such as golfing at Cypress Lakes Golf Club and fishing along the banks of Wolf River that runs through the city. Overall, 38641 Lake Cormorant is an ideal place for those who value peace and quiet while still having access to local amenities.
Lake Cormorant (zip 38641) has an unemployment rate of 4.6%. The US average is 6.0%.
Lake Cormorant (zip 38641) 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 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Lake Cormorant (zip 38641)
- The Sales Tax Rate for Lake Cormorant (zip 38641) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Cormorant (zip 38641) 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 Lake Cormorant (zip 38641)
- The average income of a Lake Cormorant (zip 38641) resident is $23,789 a year. The US average is $28,555 a year.
- The Median household income of a Lake Cormorant (zip 38641) resident is $65,739 a year. The US average is $69,021 a year.