Toomsuba, MS is a small rural town located near the city of Meridian. With a population of around 1,100 people, this small town offers an affordable cost of living that includes rent prices for two bedrooms averaging at $820 per month. Local businesses in Toomsuba include grocery stores like Dollar General and Winn Dixie as well as fast food restaurants such as Burger King and Sonic. The Grocery Cost Index in Toomsuba is 96 versus 100 in the US, providing residents with even more savings on their daily needs. Although two bedroom rent prices are lower than the national average at $1,430 per month, they are still reasonable for anyone wanting to live close to Meridian while spending less money on their housing expenses.
Toomsuba (zip 39364) has an unemployment rate of 5.9%. The US average is 6.0%.
Toomsuba (zip 39364) has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Toomsuba (zip 39364)
- The Sales Tax Rate for Toomsuba (zip 39364) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Toomsuba (zip 39364) 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 Toomsuba (zip 39364)
- The average income of a Toomsuba (zip 39364) resident is $20,985 a year. The US average is $37,638 a year.
- The Median household income of a Toomsuba (zip 39364) resident is $36,558 a year. The US average is $69,021 a year.