Philadelphia, MS is a small city with an estimated population of 39,350. The cost of living in Philadelphia is slightly lower than the national average due to extremely low rent prices for two-bedroom apartments. In Philadelphia, a two-bedroom apartment can cost as low as $840 per month compared to $1,430 nationally. Grocery costs are also much lower in Philadelphia than they are across the country; the grocery cost index is 97 compared to 100 nationally.
Philadelphia has many local companies that contribute to its vibrant economy including Omega Foods Company, Industrial Maintenance & Solutions, Inc., and Wilbros Products Corporation. These companies specialize in food processing and packaging, industrial maintenance services, and gas production respectively.
Overall, Philadelphia is a great place to live if you’re looking for affordable rent and low overall living expenses since the cost of living is significantly lower than it is across the United States.
Philadelphia (zip 39350) has an unemployment rate of 6.1%. The US average is 6.0%.
Philadelphia (zip 39350) has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 27.3%, which is lower than the US average of 33.5%.
Tax Rates for Philadelphia (zip 39350)
- The Sales Tax Rate for Philadelphia (zip 39350) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Philadelphia (zip 39350) 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 Philadelphia (zip 39350)
- The average income of a Philadelphia (zip 39350) resident is $20,874 a year. The US average is $37,638 a year.
- The Median household income of a Philadelphia (zip 39350) resident is $42,283 a year. The US average is $69,021 a year.