Town39,711 people

Olive Branch, MS

Discover how far your salary goes in Olive Branch. Compare taxes, rent, and living costs.

Cost Index
74
💚 Very Affordable
Population

39,711

State Tax

5.0%

1BR Rent

$865

/month

vs National

-38%

below avg

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Rent Prices in Olive Branch

🏠

Studio

$692

/month

$8,304/year

Most Common
🛏️

1 Bedroom

$865

/month

$10,380/year

🏡

2 Bedroom

$1,168

/month

$14,016/year

🏘️

3 Bedroom

$1,513

/month

$18,156/year

Taxes in Mississippi

State Income Tax

Mississippi

5.0%

For a $100k salary, that's ~$5,000/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Olive Branch, MS?

Olive Branch has a cost of living index of 74, which is 26% below the national average. A 1-bedroom apartment costs around $865/month.

What is the state income tax in Mississippi?

Mississippi has a state income tax rate of approximately 5.0%. This is in addition to federal income tax.

How much is rent in Olive Branch?

The median rent for a 1-bedroom apartment in Olive Branch is $865/month. For a 2-bedroom, expect to pay around $1,168/month. This is 38% below the national average.

Is Olive Branch a good place to live?

Olive Branch is a town with a population of 39,711. The cost of living is very affordable, making it more affordable than average for the US.

See the complete picture for Olive Branch

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