The city of Silver City, Mississippi (39166), is a small town located in Winston County. It has a population of around 1,000 people and offers a peaceful atmosphere for its residents. The median rent for a two-bedroom apartment in Silver City is $750 per month, which is much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Silver City is 94 versus 100 in the US; this indicates that groceries are cheaper here than almost anywhere else in the country.
Silver City provides its own local businesses to accommodate its citizens. A few of these companies include Silver City Hardware, Floyd’s Pharmacy & Gifts, J&J Grocery Store, and Red Rooster Pizzeria & Grill. These businesses not only offer goods and services but give locals something to do with their time as well as jobs for employment opportunities.
In conclusion, Silver City is an ideal place to live due to its low cost of living and rent prices as well as ample amount of local businesses that contribute to the area's economy.
Silver City (zip 39166) has an unemployment rate of 14.0%. The US average is 6.0%.
Silver City (zip 39166) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 9.4%, which is lower than the US average of 33.5%.
Tax Rates for Silver City (zip 39166)
- The Sales Tax Rate for Silver City (zip 39166) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Silver City (zip 39166) 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 Silver City (zip 39166)
- The average income of a Silver City (zip 39166) resident is $17,602 a year. The US average is $37,638 a year.
- The Median household income of a Silver City (zip 39166) resident is $35,188 a year. The US average is $69,021 a year.