38661 Red Banks, MS is a lovely town located in the heart of Mississippi. It offers a cozy atmosphere filled with friendly neighbors and plenty of outdoor activities. The area boasts a variety of local businesses such as Red Bank Grocery Store, Red Bank Café, and Red Bank Automotive Repair Shop. It also has excellent schools, making it an ideal place to raise a family. When it comes to housing costs, you can find great deals on two-bedroom apartments for just $850 per month - that's much lower than the average U.S. rent of $1,430 per month! You may also be pleased with the grocery cost index in 38661 Red Banks, MS; it’s 94 versus 100 in the US – great news for budget-minded shoppers!
Red Banks (zip 38661) has an unemployment rate of 6.2%. The US average is 6.0%.
Red Banks (zip 38661) has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 33.3%, which is lower than the US average of 33.5%.
Tax Rates for Red Banks (zip 38661)
- The Sales Tax Rate for Red Banks (zip 38661) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Red Banks (zip 38661) 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 Red Banks (zip 38661)
- The average income of a Red Banks (zip 38661) resident is $21,114 a year. The US average is $37,638 a year.
- The Median household income of a Red Banks (zip 38661) resident is $40,668 a year. The US average is $69,021 a year.