Why Work in Jackson, Mississippi?
The Good Side Positive Response to Employment Market Jackson’s 1% increase in job growth over the previous year makes it possible for people to find employment here. Additionally, a growth rate of 29.93% for the following decade. Another plus is its industry’s diverse sector, which contributes to its thriving economy. The manufacturing of electrical equipment, machinery, metals, and food processing are among the economic drivers in this region. The area’s flourishing agricultural industry is another significant contributor. Additionally, the site has a solid reputation for cooperative business, which created the Green Team, a lawn care provider. Furthermore, the region is home to nearly 500 manufacturers, including M S Rubber Company and Harrison Manufacturing LLC. Jackson Has Top Employers According to the Bureau of Labor Statistics‘ first quarter report, Jackson’s unemployment rate dropped from 4.4% in January to 3.4% in May 2022 due to the growth in the number of jobs. This decrease is a result of individuals finding employment in the region. In the city, the typical annual salary is about $33,080. This competitive pay tempts more people to look for work here. According to Sperling’s Best Places, salaries in the legal industry average $73,603 annually, while those in the engineering and architecture fields pay an average of $63,597. Additionally, you can earn an average salary of $39,245 if you work at Consumer National Bank, First Commercial Bank, or Trustmark National Bank. The Bad Side High Taxation Burden Jackson’s tax burden may not appeal to working people. Around 5% is the city’s income tax rate, which is higher than the average for the country. Additionally, the town’s sales tax rate is around 8%, which results in a higher tax responsibility. Therefore, the higher your income tax liability, in this case, is, the higher the salary you receive. But despite this drawback, the area’s low cost of living can make up for it. In addition, the rate may still be lower depending on your gross income, so you can expect a lower tax burden on your income but not on your sales. Now that you know all the pertinent information, you can imagine how life in Jackson, Mississippi, might be. We treasure the time and effort you put into finishing this. Entering this section indicates that you are eager to determine whether city living is right for you. Mississippi’s deep south is home to the beautiful city of Jackson. The “City with Soul” definitely spreads positive energy among its residents. Pack your bags and take Interstate 55 to the south of America; we cannot wait to meet you here.