Olive Branch, MS with a zip code of 38654 is located just south of Memphis and is a fast growing city. The two-bedroom rent in Olive Branch is $1,260 which is much lower than the national average of $1,430. Additionally, the local grocery cost index in Olive Branch is 99 versus 100 in the US making it an attractive place to live. Major employers present in the area include FedEx, Nike, Gander Outdoors and Mitsubishi Electric Power Products Inc. With its low rent prices and reasonable cost of living, Olive Branch has become an increasingly popular choice for families and young professionals alike.
Olive Branch (zip 38654) has an unemployment rate of 3.5%. The US average is 6.0%.
Olive Branch (zip 38654) 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 40.5%, which is higher than the US average of 33.5%.
Tax Rates for Olive Branch (zip 38654)
- The Sales Tax Rate for Olive Branch (zip 38654) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Olive Branch (zip 38654) 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 Olive Branch (zip 38654)
- The average income of a Olive Branch (zip 38654) resident is $29,102 a year. The US average is $28,555 a year.
- The Median household income of a Olive Branch (zip 38654) resident is $89,029 a year. The US average is $69,021 a year.