Water Valley, MS
Discover how far your salary goes in Water Valley. Compare taxes, rent, and living costs.
3,380
5.0%
$774
/month
-45%
below avg
How far would your salary go in Water Valley?
Enter your income to get a personalized breakdown vs 50+ cities
Rent Prices in Water Valley
Studio
$619
/month
$7,428/year
1 Bedroom
$774
/month
$9,288/year
2 Bedroom
$1,045
/month
$12,540/year
3 Bedroom
$1,354
/month
$16,248/year
Taxes in Mississippi
State Income Tax
Mississippi
For a $100k salary, that's ~$5,000/year in state taxes.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workFrequently Asked Questions
What is the cost of living in Water Valley, MS?▼
Water Valley has a cost of living index of 72, which is 28% below the national average. A 1-bedroom apartment costs around $774/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 Water Valley?▼
The median rent for a 1-bedroom apartment in Water Valley is $774/month. For a 2-bedroom, expect to pay around $1,045/month. This is 45% below the national average.
Is Water Valley a good place to live?▼
Water Valley is a small town with a population of 3,380. The cost of living is very affordable, making it more affordable than average for the US.
See the complete picture for Water Valley
Our free calculator shows your exact take-home pay, tax breakdown, and how Water Valley compares to 50+ other cities.
Calculate My SalaryFree • No signup • 10 seconds