Mound Bayou, MS is a city of 2,113 people located in Bolivar County. According to recent figures, the average rent for a two-bedroom apartment in Mound Bayou is $720 per month while the US average for a similar property is $1,430. Additionally, the Grocery Cost Index in Mound Bayou is 93 versus 100 in the US. The economy of Mound Bayou is mainly sustained by local companies such as Delta Pride Catfish and Delta Goodies Bakery. Founded over 25 years ago, Delta Pride Catfish has become an important employer within the town providing jobs to many residents and helping them to support their families. Similarly, Delta Goodies Bakery provides employment opportunities to many of its citizens. Both of these businesses have had an immense positive effect on the local economy by boosting overall job growth and productivity in Mound Bayou.
Mound Bayou (zip 38762) has an unemployment rate of 7.7%. The US average is 6.0%.
Mound Bayou (zip 38762) has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Mound Bayou (zip 38762)
- The Sales Tax Rate for Mound Bayou (zip 38762) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Mound Bayou (zip 38762) 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 Mound Bayou (zip 38762)
- The average income of a Mound Bayou (zip 38762) resident is $12,007 a year. The US average is $28,555 a year.
- The Median household income of a Mound Bayou (zip 38762) resident is $27,717 a year. The US average is $69,021 a year.